Childcare Center Tax Abatement
Rule status: Adopted
Agency: DOF
Effective date: April 11, 2026
Proposed Rule Full Text
Certified-DOF-Proposed-Amendment-of-Rules-Relating-to-Childcare-Center-Tax-Abatement.pdf
Adopted Rule Full Text
DOF-Final-Amendment-of-Rules-Relating-to-Childcare-Center-Tax-Abatement-02.20.25-Legal-16523943_155563-KB.pdf
Adopted rule summary:
Pursuant to the authority vested in the New York City Department of Finance (“DOF”) by sections 1043(a) and 1504 of the New York City Charter, as well as section 499-fffff of the Real Property Tax Law (“RPTL”), DOF hereby adopts rules to comply with amendments made to the RPTL in relation to the Childcare Center Tax Abatement. The abatement was previously set to terminate after the 2030 tax year. These rule amendments extend the abatement to the 2032 tax year.
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