SCRIE tax abatement credit (TAC) report archive

Building owner’s tax abatement credit (TAC)

The Department of Finance keeps a Senior Citizen Rent Increase Exemption (SCRIE) account for each building owner or landlord to track TAC credits and debits. The Department of Finance applies credits from the building owner or landlord’s account to offset any taxes due the next tax period. The building owner or landlord receives a quarterly statement of account reflecting credit or debit activity.