Bill > S07338

This bill amends the New York state tax law to provide tax credits for homeowners and businesses that invest in "green infrastructure" such as downspout disconnection, rainwater harvesting, rain gardens, planter boxes, permeable pavements, and green roofs. Homeowners can receive a tax credit of up to 50% of the cost of construction, not exceeding $10,000, while businesses can receive a tax credit of up to 50% of the cost of construction, not exceeding $5,000. The bill defines the key terms and aims to incentivize the adoption of sustainable stormwater management practices that provide environmental, social, and economic benefits to the community.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2023/S7338