New York S 6169: Establishes an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions

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S06169 Summary:

BILL NOS06169 

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SAME ASNo Same As

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SPONSORPARKER

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COSPNSR

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MLTSPNSR

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Add §488-b, RPT L

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Establishes an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions in cities with a population of one million or more.

Go to top S06169 Actions:

BILL NOS06169 

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03/06/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS06169 Committee&nbspVotes:

Go to topS06169 Floor&nbspVotes:

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

Go to topS06169 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6169

 2025-2026 Regular Sessions

 IN SENATE

 March 6, 2025
 ___________

 Introduced by Sen. PARKER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government

 AN ACT to amend the real property tax law, in relation to establishing
 an abatement and exemption from real property taxes for capital
 improvements to reduce carbon emissions; and providing for the repeal
 of such provisions upon expiration thereof

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

 1 Section 1. Legislative intent. New York's nation leading climate law,
 2 the climate leadership and community protection act of 2019 (CLCPA),
 3 requires the state to reduce its greenhouse gas emissions to 40 percent
 4 below 1990 levels by 2030, and 85 percent below 1990 levels by 2050,
 5 among other goals. At the same time, New York city's local law number 97
 6 for the year 2019 requires buildings over 25,000 square feet to reduce
 7 their carbon emissions to comply with increasingly stringent emissions
 8 limits. While New York's building stock accounts for more than 25
 9 percent of statewide greenhouse gas emissions and transportation is a
 10 top emitter, in New York city that ratio is reversed, with buildings
 11 accounting for approximately 70 percent of greenhouse gas emissions. As
 12 such, reaching the state and city's climate goals will require signif-
 13 icant investment to decarbonize buildings including through electrifica-
 14 tion, energy efficiency, and the use of new technologies and energy
 15 sources. The use of this targeted abatement, which would be available to
 16 support all property owners that are meaningfully engaged in reducing
 17 carbon emissions will ensure the success of the CLCPA and local law 97.
 18 This legislation will benefit all New Yorkers by ensuring that our
 19 buildings can play a vital role in decarbonization.
 20 § 2. The real property tax law is amended by adding a new section
 21 488-b to read as follows:
 22 § 488-b. Abatement and exemption from real property taxes for capital
 23 improvements to reduce carbon emissions. 1. Any city having a population

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10674-01-5

 S. 6169 2

 1 of one million or more, acting through its local legislative body, is
 2 authorized and empowered to determine that incentives in the form of
 3 abatement and/or exemption of real property taxes are necessary to
 4 encourage carbon emissions reduction in such city and to enact a local
 5 law providing that such benefits shall be provided in the manner set
 6 forth in this title.
 7 2. For the purposes of this section, the following terms shall have
 8 the following meanings:
 9 (a) "Eligible real property" shall mean a covered building as defined
 10 in section 28-320.1 of the administrative code of the city of New York,
 11 or an appropriate subset of such covered buildings as determined by
 12 local law.
 13 (b) "Eligible improvements" shall include categories of work located
 14 at eligible real property that are expected to result in a reduction of
 15 greenhouse gas emissions for the building, including but not limited to
 16 full or partial building electrification, building envelope improve-
 17 ments, the installation of onsite clean energy generation, storage, or
 18 electric vehicle charging infrastructure, or other measures that reduce
 19 energy consumption as determined by local law provided however that such
 20 work shall have commenced on or after January first, two