§ 499-a. Definitions. When used in this title, the following terms\nshall mean or include:\n 1. "Abatement base." The lesser of (a) two dollars and fifty cents of\nthe tax liability per square foot or (b) fifty per centum of the tax\nliability per square foot; provided, however, that with respect to a\nlease commencing on or after April first, nineteen hundred ninety-seven,\nthe abatement base shall equal the tax liability per square foot subject\nto a maximum of two dollars and fifty cents per square foot.\n 2. "Abatement zone." Any area of a city having a population of one\nmillion or more, provided that in the city of New York the abatement\nzone shall be the area in the borough of Manhattan bounded by Murray\nStreet on the north starting at the intersection of West Street and\nMurray Street; running easterly along the center line of Murray Street,\nconnecting through City Hall Park with the center line of Frankfort\nStreet and running easterly along the center lines of Frankfort and\nDover Streets to the intersection of Dover Street and South Street;\nrunning southerly along the center line of South Street to Peter Minuit\nPlaza; connecting through Peter Minuit Plaza to the center line of State\nStreet and running northwesterly along the center line of State Street\nto the intersection of State Street and Battery Place; running westerly\nalong the center line of Battery Place to the intersection of Battery\nPlace and West Street; and running northerly along the center line of\nWest Street to the intersection of West Street and Murray Street. Any\ntax lot which is partly located inside the abatement zone shall be\ndeemed to be entirely located inside such area.\n 3. "Aggregate floor area." The sum of the gross areas of the several\nfloors of a building, measured from the exterior faces of exterior walls\nor from the center lines of walls separating two buildings.\n 4. "Applicant." The landlord and the tenant.\n 5. "Benefit period." The period commencing with the first day of the\nmonth immediately following the rent commencement date and terminating\nno later than sixty months thereafter, provided, however, that with\nrespect to a lease commencing on or after April first, nineteen hundred\nninety-seven with an initial lease term of less than five years, but not\nless than three years, the period commencing with the first day of the\nmonth immediately following the rent commencement date and terminating\nno later than thirty-six months thereafter. Notwithstanding the\nforegoing sentence, a benefit period shall expire no later than March\nthirty-first, two thousand thirty-four.\n 6. "Billable assessed value." The lesser of the taxable transitional\nor the taxable actual assessed value of the eligible building and the\nland on which the eligible building is located for the fiscal year in\nwhich the benefit period commences, as computed pursuant to subdivision\nthree of section one thousand eight hundred five of this chapter.\n 7. "Department of finance." The department of finance of any city\nhaving a population of one million or more.\n 8. "Eligible building." A non-residential or mixed-use building\nlocated in the abatement zone which received its initial certificate of\noccupancy or initial temporary certificate of occupancy prior to January\nfirst, nineteen hundred seventy-five; provided that if no certificate of\noccupancy was required at the time the building was constructed, other\nproof acceptable to the department of finance is submitted which\ndemonstrates that the building was constructed prior to January first,\nnineteen hundred seventy-five; and provided further that eligible\nbuilding shall not include any building owned by a governmental agency.\nEach condominium unit in a building which meets the requirements of this\nsubdivision shall be considered a separate eligible building.\n 9. "Eligibility period." The period commencing April first, nineteen\nhundred ninety-five and terminating March thirty-firs
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