NY A08009

Expands green building certification standards eligible for real property tax exemptions to include Green Globes Rating System, National Green Building Standards (ANSI-approved), and substantially equivalent programs, in addition to LEED certification.

Exemptions apply to improvements initiated on or after January 1, 2013, and exempt increases in assessed value resulting from construction or reconstruction meeting certified green building standards.

Municipal corporations must adopt a local law, ordinance, or resolution after public hearing to provide the exemption, and may establish maximum exemption amounts.

Tax exemption percentages vary by certification level and year, ranging from 100% in years 1-3 down to 0-20% in years 8-10, depending on whether property meets certified/silver, gold, or platinum standards.

Requires copy of green building certification to be filed with assessor's office and approved as meeting section requirements and municipal standards.