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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A2080
- Advanced to third reading
- 2nd report cal.
- 1st report cal.93
- Referred to housing, construction and community development
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to exemptions for improvements to real property meeting certification standards for green buildings
Signed by Governor · Sponsor Fred Thiele
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2034
Title of bill
An act to amend the real property tax law, in relation to exemptions for improvements to real property meeting certification standards for green buildings
Purpose
To authorize municipal corporations to establish a maximum exemption amount for an exemption for improvements to real property meeting LEED certification standards for green buildings.
Summary of specific provisions
This bill would authorize municipal corporations that adopt the provisions of Section 470 of the Real Prop- erty Tax Law to provide an exemption for improvements to real property meeting LEED certification standards for green buildings, to include a maximum exemption amount in its local law, ordinance or resolution.
Justification
Section 470 of the Real Property Tax Law authorizes municipal corporations to provide an exemption to certain properties meeting LEED certification standards for green buildings. This section provides a set benefit schedule. Several localities have expressed an interest in adopting the provisions of this section, but are concerned that it would be too costly. This bill would make clear that municipal corporations have the ability to limit the exemption to a specific dollar amount, allowing them to limit the cost of the program.
Legislative history
New Legislation, 2013.
Fiscal implications
None to the State.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.