Bill > S05632

This bill amends the New York state tax law to provide tax credits for homeowners and businesses who invest in "green infrastructure" for their properties. Homeowners can receive a tax credit of up to 50% of the cost of constructing green infrastructure, with a maximum credit of $10,000. Businesses can also receive a tax credit of up to 50% of the cost, with a maximum of $10,000. The bill defines "green infrastructure" as various cost-effective and resilient approaches to managing stormwater, such as rain gardens, permeable pavements, and green roofs, which provide environmental, social, and economic benefits. The bill also allows businesses to carry over any unused credit to future tax years.