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Proposed Rules Implementing Industrial and Commercial Abatement Program (ICAP)

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Rule status: Proposed

Agency: DOF

Comment by date: August 20, 2025

Rule Full Text
Certified_DOF-Proposed-Rules-Implementing-Industrial-and-Commercial-Abatement-Program-Preliminarily-Certified-7.10.25.pdf

The New York City Department of Finance (“DOF”) is proposing amendments to rules in order to comply with amendments made to the New York City Administrative Code (“Administrative Code”) and the Real Property Tax Law in relation to the Industrial and Commercial Abatement Program (“ICAP”). In addition, the proposed rule amendments provide criteria to determine when a parking facility is associated with residential construction work under ICAP.

Send comments by

  • Email: [email protected]
  • Fax: 1 (212) 748-6981
  • Mail: NYC Department of Finance, Legal Affairs Division, 375 Pearl Street Room/Floor: 30th Floor ; New York, New York 10038

Public Hearings

Attendees who need reasonable accommodation for a disability such as a sign language translation should contact the agency by calling or emailing [email protected] by August 18, 2025

Date

August 20, 2025
11:00am - 12:00pm EDT

Connect Virtually
https://www.microsoft.com/en-us/microsoft-teams/join-a-meeting
If prompted to provide the meeting ID, please enter: 296 210 717 492 6; If prompted for a passcode, please enter the following: wh6hk9ua. You can also participate in the hearing via telephone by calling + 1 646-893-7101. The Phone conference ID: 545 576 342#.

Disability Accommodation

Comments are now closed.

Online comments: 2

  • Zach Steinberg, The Real Estate Board of New York (REBNY)

    Please see attached.

    Comment attachment
    20250808-DOF-Rulemaking-on-ICAP.docx
    Comment added August 8, 2025 1:38pm

  • Richard Tang (Lam Group)

    Please see attached.

    Comment attachment
    Final-Public-Comment-Draft.pdf
    Comment added August 19, 2025 7:02pm