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NY A07058
Bill
Status
Passed
12/18/2013
Primary Sponsor
Gabriela Rosa
Click for details
AI Summary
- Amends the definition of "green roof" to include controlled flow roof drains as an alternative water holding layer and adds native plant species and agricultural plant species as acceptable vegetation types
- Increases the tax abatement rate from $4.50 to $5.23 per square foot for tax years commencing July 1, 2014 through June 30, 2019
- Raises the individual property abatement cap from $100,000 to $200,000 for tax years commencing July 1, 2014 and beyond
- Establishes aggregate program caps of $750,000 for tax year 2014-2015 and $1,000,000 annually for tax years 2015-2019, with pro-rata allocation among approved applicants
- Extends the application deadline from March 15, 2013 to March 15, 2018, and eliminates the program entirely after June 30, 2019
Legislative Description
Expands and extends the duration of the green roof real property tax abatement in a city having a population of one million or more.
Last Action
signed chap.524
12/18/2013
Committee Referrals
Cities5/29/2013
Ways and Means5/7/2013
Real Property Taxation4/30/2013
Full Bill Text
No bill text available