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NY A07988
Bill
Status
6/4/2021
Primary Sponsor
Nily Rozic
Click for details
AI Summary
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Removes the minimum two-inch soil depth requirement for green roof growth medium, allowing shallower installations to qualify for tax abatement.
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Increases the standard green roof tax abatement rate from $5.23 to $10 per square foot for roofs installed between July 1, 2014 and June 30, 2024, with a maximum abatement of $200,000.
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Eliminates the four-inch soil depth requirement for enhanced tax abatement in designated New York City community districts, while maintaining the $15 per square foot enhanced rate.
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Extends the application deadline for green roof tax abatement from March 15, 2023 to March 15, 2024.
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Applies to eligible buildings in cities with one million or more persons.
Legislative Description
Removes certain soil depth requirements; raises the tax abatement rate of non-priority; extends the application deadline from 2023 to 2024 for purposes of the green roof tax abatement for certain properties in a city of one million or more persons.
Last Action
referred to real property taxation
1/5/2022