New York Laws
Title 2-F - Abatement of Tax Payments for Certain Industrial and Commercial Properties in a City of One Million or More Persons
489-EEEEEE - Reporting Requirement.

(a) converting square footage within property that is the subject of
benefits for industrial construction work from use for the manufacturing
activities described in such statement of continuing use where such
conversion would result in less than sixty-five percent of total net
square footage being used or held out for use for manufacturing
activities; or
(b) converting any portion of property that is the subject of benefits
for industrial construction work for use for any restricted activity or
as residential property.
(c) For all other use conversions, applicants shall immediately notify
the department of a change in use, in a manner that the department may
determine.
3. Minimum required expenditure. No later than sixty days after the
minimum required expenditure must be made under subdivision one of
section four hundred eighty-nine-cccccc of this title, the applicant
shall submit to the department a certified statement that the applicant
has made the minimum required expenditure as required by this title.
4. Business operation data. A recipient shall biennially file a report
with the department, on or before the appropriate taxable status date,
regarding certain business operation data relating to the recipient's
economic impact and outcomes for the duration of the benefit period,
provided, however, that any recipient of benefits for property defined
as a peaking unit shall file such statement biannually. Such report
shall contain information including, but not limited to, tenancy data,
information regarding employment creation and job retention and any
other information deemed relevant by the department.