The MCI abatement will be applied in the tax year beginning after the approval of the application, beginning with the 2016/17 tax year beginning on July 1, 2016.
No. The MCI abatement cannot be carried over to another tax year.
The abatement for a specific MCI increase is not renewable in subsequent years.
The MCI abatement will not reduce or offset any other tax benefit provided, calculated or approved by the New York City or New York State.