Time to Renew Your ICIP and ICAP Benefits

October 19, 2022

ICIP and ICAP CCU Renewal Due 1/5/23

New York City requires that the recipients of the Industrial Commercial Incentive Program (“ICIP”) and/or the Industrial and Commercial Abatement Program (“ICAP”) make an annual electronic online filing of a form known as a Certificate of Continuing Use (“CCU”). The submission deadline to continue benefits for the 2023/2024 tax year is January 5, 2023. A failure to file by the deadline may result in the suspension or revocation of your benefit. It is important that you act promptly by recertifying to the current use and occupancy of your ICIP/ICAP eligible space by following the links below. Please note you must first create an NYC.ID if you have not done so previously.

Suspended ICIP/ICAP Benefit

If your 2022/2023 benefit was suspended due to a failure to file the CCU prior to January 5, 2022, it is imperative you make the submission immediately in order to prevent its permanent renovation. The Department of Finance will retroactively reinstate suspended benefits if the CCU if submitted prior to January 5, 2023.

Renewing Your Abatement

Click here to file your renewal for ICIP or ICAP.

Information you may find helpful in filing your renewal:

• How to Create an NYC.ID

• A User Guide to the ICAP (Online Renewals)

Please let me know if we can be of any assistance. Our office can complete the CCU on your behalf by request.

Brett J. Gottlieb at +1 212 592 1455 or [email protected]

© 2022 Herrick, Feinstein LLP. This alert is provided by Herrick, Feinstein LLP to keep its clients and other interested parties informed of current legal developments that may affect or otherwise be of interest to them. The information is not intended as legal advice or legal opinion and should not be construed as such.