Bill > A00806

This bill provides a green infrastructure tax abatement for eligible buildings located in cities with a population of one million or more, specifically targeting properties that implement green infrastructure projects designed to manage stormwater. The tax abatement allows property owners to receive a reduction in real property taxes of up to 7.5% of eligible green infrastructure expenditures, not exceeding $20,000 per year, for a compliance period of four years. Green infrastructure projects include installations like rain gardens, planter boxes, and permeable pavements that help store, infiltrate, or reduce stormwater runoff. To qualify, property owners must submit a detailed application to a designated city agency by March 15th, providing proof of required permits, certifications from licensed professionals, and an agreement to allow project inspections. The tax abatement can be revoked if the property fails to maintain the green infrastructure project, does not comply with local codes, or if the application contains false information. The program aims to incentivize environmentally friendly infrastructure improvements in large urban areas by offering a financial benefit to property owners who invest in stormwater management solutions.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A806