ICIP (Industrial & Commercial Incentive Program)

A NYC tax benefit for industrial and commercial property construction and renovation, providing a phased tax exemption.

Last updated: March 2026 · 9.4M+ properties indexed

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What is ICIP (Industrial & Commercial Incentive Program)?

ICIP provides property tax benefits for industrial and commercial construction and renovation. The program is designed to encourage development and improvement of commercial/industrial properties, particularly in targeted areas. Benefits are phased in over time.