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RACE for Space Program and Industrial and Commercial Abatement Program

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Rule status: Adopted

Agency: DOF

Effective date: December 20, 2025

Proposed Rule Full Text
DOF-Proposed-Rules-for-Implementation-of-Relocation-Assistance-Credit-Per-Employee-Program-City-Record.pdf

Adopted Rule Full Text
Rules-for-RACE-for-Space-Program-and-Industrial-and-Commercial-Abatement-Program.pdf

External Hearing audio/video

Adopted rule summary:

Pursuant to the authority vested in the New York City Department of Finance (“DOF”) pursuant to New York City Charter (“Charter”) §§ 1043(a) and 1504, Administrative Code (“Administrative Code”) § 22-628, and General City Law (“GCL”) § 25-gg, DOF hereby adopts rules to comply with amendments made to the Administrative Code and the GCL in relation to the Relocation Assistance Credit Per Employee program. In addition, pursuant to Charter §§ 1043(a) and 1504, Administrative Code § 11-275(f), and Real Property Tax Law § 489-hhhhhh(6), DOF hereby adopts amendments to rules in order to allow DOF to determine the point at which applicable construction is complete under the Industrial and Commercial Abatement Program.

Comments are now closed.

Online comments: 3

  • Tener Consulting Services

    Please see attached for our comments to the proposed rule amendment.

    Comment attachment
    TCS-Comment-to-Proposed-Rule-Change-10.2025.pdf
    Comment added October 24, 2025 11:58am

  • Zach Steinberg

    Please see attached.

    Comment attachment
    20251024-ICAP-and-RACE-Comment-Letter-Final.pdf
    Comment added October 24, 2025 4:10pm

  • The Five Borough Jobs Campaign

    Please see PDF attached.

    Comment attachment
    5BJ_RACE-Rulemaking-Letter-Final.pdf
    Comment added October 27, 2025 11:09am