§ 60-02 Eligibility for Childcare Center Tax Abatement or Enhanced Childcare Center Tax Abatement.
RCNY § 60-02
a. An owner of an eligible building shall receive a childcare center tax abatement, or an owner of an eligible building that is located in a childcare desert shall receive an enhanced childcare center tax abatement, as provided in title 6 of chapter 4 of the RPTL and this chapter. b. In accordance with title 6 of chapter 4 of the RPTL, the Department shall provide: 1. A childcare center tax abatement to an owner of an eligible building for construction, conversion, alteration or improvement work that is completed on or after April 1, 2022 and that results in: (i) the creation of a premises of a childcare center; or (ii) an increase in the maximum number of children allowed on the premises of an existing childcare center when such center is in operation, as such number is specified in the permit issued by the Department of Health and Mental Hygiene to operate such center; or 2. An enhanced childcare center tax abatement to an owner of an eligible building located within a childcare desert for construction, conversion, alteration or improvement work that is completed on or after April 1, 2022 and that results in: (i) the creation of a premises of a childcare center; or (ii) an increase in the maximum number of children allowed on the premises of an existing childcare center when such center is in operation, as such number is specified in the permit issued by the Department of Health and Mental Hygiene to operate such center. c. No childcare center tax abatement or enhanced childcare center tax abatement shall be provided for any tax year commencing on or after July 1, 2032. (Added City Record 2/24/2023, eff. 2/24/2023; amended City Record 3/12/2026, eff. 4/11/2026)
