Bill > A06739

This bill amends the tax law to expand eligibility for the green building tax credit by explicitly including residential buildings as qualifying structures. Specifically, the bill modifies an existing section of tax law by inserting language that adds residential buildings to the list of buildings that can receive the green building tax credit. The modification allows residential buildings to be considered alongside other types of buildings for this tax credit, while maintaining existing restrictions related to buildings located on certain wetlands (such as freshwater or tidal wetlands) that would require environmental permits under state or federal law. The change appears designed to broaden the scope of the green building tax credit to incentivize environmentally friendly construction practices in residential development. The bill would take effect immediately upon passage, providing an immediate opportunity for residential property owners and developers to potentially benefit from the green building tax credit.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A6739