Bill > S06353

This bill provides a tax abatement program for green infrastructure projects in cities with a population of one million or more people. The bill defines green infrastructure as projects that use plant or soil systems, permeable pavement, stormwater harvesting, or landscaping to manage stormwater, such as rain gardens, planter boxes, and permeable pavements. Property owners can apply for a tax abatement of up to 7.5% of eligible green infrastructure expenditures, not exceeding $20,000 per year, for a four-year compliance period. To qualify, applicants must submit detailed applications to a designated city agency, including proof of required permits and certifications from architects or engineers. The tax abatement is contingent on maintaining the green infrastructure project and keeping municipal charges current. If an applicant fails to comply with the requirements, the city can revoke the tax abatement and require repayment with interest. The program is designed to encourage environmentally friendly infrastructure improvements by providing a financial incentive for property owners to implement stormwater management solutions in urban areas.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6353