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Current as of January 01, 2026 | Updated by Findlaw Staff
1. Every railroad seeking to participate in the program shall annually by the first of February submit a list of potential service enhancement program elements to the department. The department shall review these program elements for consistency with the legislative intent and program objectives stated in sections four hundred thirty and four hundred thirty-one of this article and shall provide its comments to each railroad by the first of March of each year.
2. (a) Every railroad seeking to participate in the program shall annually by the first of April of each year submit to the department a plan which shall:
(i) describe the nature of the railroad's intended service enhancement for the current calendar year as appropriate to railroad size and railroad ceiling exemption or economic factor;
(ii) describe the level of tax abatement as computed by the commissioner of taxation and finance pursuant to either subdivision (c) of section four hundred eighty-nine-j or subdivision (c) of section four hundred eighty-nine-hh of the real property tax law;
(iii) present the railroad's statement of goals, where possible;
(iv) provide detail on the railroad's proposed service enhancement plan;
(v) present a general outline of multiple year projects to be undertaken during the term of the program, as appropriate; and
(vi) note any proposed changes to the previous year's plan.
(b) Other railroads with exemption factors equal to eighty-five percent may state to what general purposes they intend to apply the additional tax abatement in lieu of the provisions of subdivision three of this section.
3. The filing of such plan, containing such information as may be required, shall constitute participation in the service enhancement program.
4. Immediately upon receipt of such plan, the department shall certify to the commissioner of taxation and finance participation in the service enhancement program by the railroad submitting such plan.
Cite this article: FindLaw.com - New York Consolidated Laws, Transportation Law - TRA § 433. Service enhancement plans - last updated January 01, 2026 | https://codes.findlaw.com/ny/transportation-law/tra-sect-433/
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