NYC Administrative Code

§ 11-276 — Penalties for non-compliance, false statements and omissions.

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What is NYC AC § 11-276?

Quick Answer

This section outlines the penalties for non-compliance with abatement requirements, including the potential denial, reduction, suspension, termination, or revocation of benefits. It also addresses the consequences of submitting false or misleading statements in applications or reports, which may result in ineligibility for future tax abatements. Applies to recipients of abatement benefits.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 11-276 Penalties for non-compliance, false statements and omissions.

AC § 11-276

Denial, reduction, suspension, termination or revocation. The department may deny, reduce, suspend, terminate or revoke any abatement benefits where: a. A recipient fails to comply with the requirements of this part or the related rules promulgated by the department; or b. An application, certificate, report or other document delivered by an applicant or recipient hereunder contains a false or misleading statement as to a material fact or omits to state any material fact necessary to make the statements not false or misleading, and may declare any applicant or recipient who makes such false or misleading statement or omission ineligible for future tax abatements for this property or another property.

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