New York Codes, Rules and Regulations (NYCRR)
Title 9 Part 425
Executive Department
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3 sections
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9 NYCRR 425.1 - Homeowner historic property rehabilitation
Source version current through Mar 15, 2023
Later State Register activity may affect this section.
Dates and status
- NYCRR title agency
- Executive Department
- Section status
- Section source receipt
- Source version current through
- Mar 15, 2023
(a)The Office of Parks, Recreation and Historic Preservation (office) shall use the following schedule to assess and collect fees for processing, reviewing and certifying an application from a homeowner for rehabilitation of his or her historic residential property and for approving the homeowner's rehabilitation expenditure under the New York State tax credit program.
(b)The application submitted to the office shall consist of three parts. An initial application fee of $25 shall be submitted with part 2 and that amount shall be deducted from the final fee that shall be submitted with part 3.
(c)An applicant with a household adjusted gross income of $60,000 or less is exempt from paying any fee to the office.
(d)The applicant shall submit any receipts and documents requested by the office to assist it in determining the amount of the fee or exemption and in issuing the certification.
(e)Final fee.
| Rehabilitation expenditure | Fee |
| (1) $5,000 - $9,999 | $50 |
| (2) $10,000 - $49,999 | $100 |
| (3) $50,000 - $99,999 | $200 |
| (4) $100,000 - $149,999 | $300 |
| (5) $150,000 - $199,999 | $400 |
| (6) $200,000 - $250,000 | $500 |
9 NYCRR 425.2 - Commercial, office, industrial, rental historic property rehabilitation
Source version current through Mar 15, 2023
Later State Register activity may affect this section.
Dates and status
- NYCRR title agency
- Executive Department
- Section status
- Section source receipt
- Source version current through
- Mar 15, 2023
(a)The office shall use the following schedule to assess and collect fees for processing, reviewing and certifying an application from a taxpayer for rehabilitation of a historic commercial, office, industrial or residential rental (income producing) property and for approving the taxpayer's rehabilitation expenditure under the New York State tax credit program.
(b)The application submitted to the office shall consist of three parts. An initial application fee shall be submitted with part 2 and that amount shall be deducted from the final fee that shall be submitted with part 3.
(c)For projects up to $100,000 in rehabilitation expenditure, the initial application fee shall be $50; for projects above $100,000 in rehabilitation expenditure the initial application fee shall be 10 percent of the estimated final fee.
(d)The applicant also shall submit any receipts and documents requested by the office to assist in determining the amount of the fee and in issuing the certification.
(e)Final fee.
| Rehabilitation expenditure | Fee |
| (1) Under $20,000 | $100 |
| (2) $20,000 - $99,999 | $500 |
| (3) $100,000 - $499,999 | $1,000 |
| (4) $500,000 - $999,999 | $1,500 |
| (5) $1,000,000 - $2,499,999 | $2,500 |
| (6) $2,500,000 - $4,999,999 | $3,000 |
| (7) $5,000,000 - $9,999,999 | $4,000 |
| (8) $10,000,000 or more | $5,000 |
9 NYCRR 425.3 - Earlier source heading: 425.3 to 425.15 [Repealed]
Source version current through Sep 15, 2021
Dates and status
- NYCRR title agency
- Executive Department
- Section status
- Section source receipt
- Source version current through
- Sep 15, 2021
Current section text is not available here.