New York A 806: Provides a green infrastructure tax abatement for certain properties in N.Y. city

Bill Text

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A00806 Summary:

BILL NOA00806 

&nbsp

SAME ASSAME AS S06353

&nbsp

SPONSORCarroll R

&nbsp

COSPNSRYeger, Steck

&nbsp

MLTSPNSR

&nbsp

Add Art 4 Title 7 §§499-aaaaaa - 499-gggggg, RPT L

&nbsp

Provides a green infrastructure tax abatement for the construction of green infrastructure projects on certain properties in a city of one million or more.

Go to top A00806 Actions:

BILL NOA00806 

&nbsp

01/08/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA00806 Committee&nbspVotes:

Go to topA00806 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA00806 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 806

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. R. CARROLL -- read once and referred to the
 Committee on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to providing a
 green infrastructure tax abatement for certain properties in a city of
 one million or more

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Article 4 of the real property tax law is amended by adding
 2 a new title 7 to read as follows:
 3 TITLE 7
 4 GREEN INFRASTRUCTURE TAX ABATEMENT FOR CERTAIN PROPERTIES IN A CITY OF
 5 ONE MILLION OR MORE PERSONS
 6 Section 499-aaaaaa. Definitions.
 7 499-bbbbbb. Real property tax abatement.
 8 499-cccccc. Application for tax abatement.
 9 499-dddddd. Continuing requirements.
 10 499-eeeeee. Revocation of tax abatement.
 11 499-ffffff. Enforcement and administration.
 12 499-gggggg. Tax lien and interest.
 13 § 499-aaaaaa. Definitions. When used in this title, the following
 14 terms shall have the following meanings:
 15 1. "Applicant" shall mean (a) with respect to an eligible building
 16 held in the cooperative or condominium form of ownership, the board of
 17 managers of a condominium or the board of directors of a cooperative
 18 apartment corporation, or (b) with respect to any other eligible build-
 19 ing, the owner of such building.
 20 2. "Application for tax abatement" shall mean an application for a
 21 green infrastructure tax abatement pursuant to section four hundred
 22 ninety-nine-cccccc of this title.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00390-01-5

 A. 806 2

 1 3. "Architect" shall mean a person licensed and registered to practice
 2 the profession of architecture under the education law.
 3 4. "Compliance period" shall mean the tax year in which a tax abate-
 4 ment commences and the three tax years immediately thereafter.
 5 5. "Department of finance" shall mean the department of finance of a
 6 city having a population of one million or more persons.
 7 6. "Designated agency" shall mean one or more agencies or departments
 8 of a city having a population of one million or more persons that are
 9 designated by the mayor of such city to exercise the functions, powers
 10 and duties of a designated agency pursuant to this title.
 11 7. "Eligible building" shall mean a class one or class two property as
 12 defined in subdivision one of section eighteen hundred two of this chap-
 13 ter, located within a city having a population of one million or more
 14 persons. No building shall be eligible for more than one tax abatement
 15 pursuant to this title prior to January first, two thousand twenty-six.
 16 8. "Eligible green infrastructure expenditures" shall mean reasonable
 17 expenditures for materials, labor costs properly allocable to on-site
 18 preparation, assembly and original installation, architectural and engi-
 19 neering services, and designs and plans directly related to the
 20 construction or installation of a green infrastructure project installed
 21 in connection with an eligible building. Such eligible expenditures
 22 shall not include interest or other finance charges, or any expenditures
 23 incurred using a federal, state or local grant.
 24 9. "Engineer" shall mean a person licensed and registered to practice
 25 the profession of engineering under the education law.
 26 10. "Green infrastructure project" shall mean any project that