NY S06353

Creates a property tax abatement for green infrastructure projects (rain gardens, planter boxes, permeable pavements) on Class 1 and Class 2 residential properties in cities with populations over one million (New York City)

Abatement equals 7.5% of eligible green infrastructure expenditures per year for 4 years (compliance period), capped at $20,000 annually or the property's tax liability, whichever is less

Applications may be filed starting January 1, 2026, and must be submitted by March 15th before the tax year in which the abatement is sought, with certification from a licensed architect or engineer

Eligible expenditures include materials, labor, architectural and engineering services, but exclude interest charges, finance charges, and costs covered by federal, state, or local grants

Tax abatement can be revoked if the property owner fails to maintain the green infrastructure project, falls behind on taxes or municipal charges for 6+ months, or submits false information on the application