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NY A01889
Bill
Status
1/14/2025
Primary Sponsor
Linda Rosenthal
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AI Summary
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Creates a property tax abatement of $4.50 per square foot for residential property owners in cities with 1 million+ residents who remove impermeable surfaces (like concrete) from yards and replace them with soil and vegetation
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Caps the maximum tax abatement at the lesser of $100,000 or the property's total tax liability for the year
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Applications may be filed between January 1, 2026 and March 15, 2030, with the abatement lasting one year beginning July 1st following approval
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Requires applicants to maintain the green space during the abatement year plus three additional years, and allows city inspections to verify compliance
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Authorizes revocation of the abatement with interest if property owners fail to maintain the green space, submit false information, or have outstanding municipal charges for six months or more
Legislative Description
Establishes the residential open green space tax abatement for certain properties in a city of one million or more; provides an abatement for owners who remove an impermeable surface from a residential yard and replace it with soil and vegetation.
Last Action
referred to real property taxation
1/7/2026