ICIP/ICAP Renewal Period For 2026–2027 Tax Year Now Open

The New York City Department of Finance has announced that the ICIP/ICAP renewal period for the 2026–2027 tax year is now open. For those properties required to renew their benefits, Certificates of Continuing Use (CCUs) under both programs must be filed by January 5, 2026 through the Department of Finance’s online portal.

All properties receiving benefits under the Industrial and Commercial Incentive Program (ICIP) must submit a Certificate of Continuing Use (CCU) each year to renew eligibility.

Properties receiving benefits under the Industrial and Commercial Abatement Program (ICAP) need not file a CCU this year unless they were required to file a CCU during last year’s renewal period and failed to do so. Further non-compliance may result in the permanent loss of benefits.

As always, BBG is here to assist you with the ICIP/ICAP renewal process. We can confirm your CCU requirements and, if applicable, prepare and submit the renewal on your behalf. We are happy to help ensure your benefits remain in good standing.

Contact Us

Please don’t hesitate to contact us here with any questions or to discuss how these updates may impact your property or development plans.

Written by: Frank D. Baquero and Jason C. Hershkowitz, Tax Exemptions and Zoning Incentives Practice.