Bill > S04104

This bill amends the tax law to expand eligibility for the green building tax credit by explicitly including residential buildings. Specifically, the bill modifies existing language in the tax law to add residential buildings as a type of structure that can qualify for the green building credit. The amendment changes the current language by replacing "[and]" with "[or]" and inserting the phrase "any residential building" into the list of eligible building types. This means that residential buildings, which were previously not clearly included, can now receive the green building tax credit. The bill also maintains existing environmental protections by continuing to exclude buildings located on certain wetlands that require environmental permits, such as those on freshwater or tidal wetlands or areas regulated under the federal Clean Water Act. The change is intended to broaden the incentives for constructing environmentally friendly residential buildings and promote green building practices. The act is set to take effect immediately upon passage.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S4104