Bill > A01889

This bill establishes a new tax abatement program for residential properties in cities with populations of one million or more, specifically targeting properties that transform impermeable surfaces (like concrete or asphalt) into green spaces. Property owners can receive a tax abatement of $4.50 per square foot of residential open green space, with a maximum abatement of $100,000 or the property's total annual tax liability, whichever is less. To qualify, property owners must apply between January 2026 and March 2030, submit a detailed application to a designated city agency, and agree to maintain the green space for at least three years after installation. The tax abatement is valid for one year and begins on the July 1st following application approval. The program requires property owners to remove impermeable surfaces and replace them with soil and vegetation in residential yards or rear areas. The city can revoke the tax abatement if the property fails to meet ongoing requirements, such as maintaining the green space or paying municipal charges. This initiative aims to encourage urban greening, potentially improving environmental conditions and stormwater management in large cities.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A1889