New York A 4711: Establishes a green development neighborhood tax exemption

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A04711 Summary:

BILL NOA04711 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORRajkumar

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §431, RPT L

&nbsp

Establishes a green development neighborhood tax exemption.

Go to top A04711 Actions:

BILL NOA04711 

&nbsp

02/04/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA04711 Committee&nbspVotes:

Go to topA04711 Floor&nbspVotes:

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

Go to topA04711 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4711

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 4, 2025
 ___________

 Introduced by M. of A. RAJKUMAR -- read once and referred to the Commit-
 tee on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to establishing a
 green development neighborhood tax exemption

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

 1 Section 1. The real property tax law is amended by adding a new
 2 section 431 to read as follows:
 3 § 431. Green development neighborhood tax exemption. 1. As used in
 4 this section, the following terms shall have the following meanings:
 5 (a) "Municipal corporation" means any town, city or village, except
 6 for a city having more than one million inhabitants.
 7 (b) "Applicant" means any person obligated to pay real property taxes
 8 on the property for which an exemption from real property taxes under
 9 this section is sought.
 10 (c) "Certified silver" shall mean (i) NGBS silver level certified by
 11 Home Innovation Research Labs at a performance level of silver or
 12 better, or (ii) LEED for new construction certified silver or better.
 13 (d) "Green development neighborhood" shall mean a subdivision,
 14 consisting of new one, two or three family residences that is (a) either
 15 a NGBS green certified land development or LEED-ND certified, and (b)
 16 subject to deed restrictions or other covenants running with the land
 17 which require all residences within the subdivision to be constructed so
 18 as to be certified silver or better.
 19 (e) "NGBS green certified land development" shall mean a national
 20 green building standard green subdivision with a certification issued by
 21 Home Innovation Research Labs.
 22 (f) "LEED" shall mean the United States green building council leader-
 23 ship in energy and environmental design rating system.
 24 (g) "Residence" shall mean a one, two or three family residential
 25 structure.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08397-01-5

 A. 4711 2

 1 (h) "LEED-ND" shall mean LEED for neighborhood development.
 2 (i) "NGBS" shall mean the national green building standard as approved
 3 by the American National Standards Institute.
 4 (j) "Person" means an individual, corporation, limited liability
 5 company, partnership, association, agency, trust, estate, foreign or
 6 domestic government or subdivision thereof, or other entity.
 7 2. (a) The local legislative body of any municipal corporation may, by
 8 local law, provide for the exemption of real property from taxation as
 9 provided in this section, provided the governing board of such municipal
 10 corporation, after conducting a public hearing, adopts a local law,
 11 ordinance or resolution providing therefor. Upon the adoption of such a
 12 local law, the county in which such municipal corporation is located
 13 may, by local law, and any school district, all or part of which is
 14 located in such municipal corporation, may, by resolution, exempt such
 15 property from its taxation in the same manner and to the same extent as
 16 such municipal corporation. Upon the adoption of such a local law,
 17 residential and common area real property within a green development
 18 neighborhood meeting the requirements of paragraph (b) of this subdivi-
 19 sion shall have a maximum exemption from taxation and special ad valorem
 20 levies to the extent of any increase in assessed value resulting from
 21 the construction of a green development neighborhood. Such local law
 22 shall provide for the percentage of such exemption and the period of
 23 time during which such exemption shall con