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S5013Senate2015-2016 Session

Establishes a green development neighborhood tax exemption

Sponsor Robert OrttSD-62+2 co-sponsorsAffects Housing
Status
In Assembly Committee
Real Property Taxation
Impact
Pending
Passage
Pending

Bill progress

Step 5 of 7

In Assembly · Real Property Taxation

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Sponsors

Primary sponsor
Robert Ortt

Senator · Senate District 62

Chair, Mental Health And Developmental Disabilities

History

  1. Referred to real property taxation
  2. Delivered to assembly
  3. Passed senateVote 58–1
  4. Advanced to third reading
  5. 2nd report cal.
  6. 1st report cal.118
  7. Referred to local government
  8. Returned to senate
  9. Died in assembly
  10. Referred to real property taxation
  11. Delivered to assembly
  12. Passed senateVote 61–0
Show 6 earlier actions
  1. Advanced to third reading
  2. 2nd report cal.
  3. 1st report cal.840
  4. Print number 5013a
  5. Amend (t) and recommit to local government
  6. Referred to local government

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S5013A

Title of bill

An act to amend the real property tax law, in relation to establishing a green development neighborhood tax exemption

Purpose

This legislation would allow a tax exemption for real property tax exemption of thirty five percent for a period of no longer than twenty years if authorized by the local municipality.

Summary of specific provisions

Section 1 creates the Green development home tax exemption which would be a thirty five percent exemption for a period of no longer than twenty years. This section provides that such an incentive shall be at local option.

This section further provides that such homes shall be 1,2,3 story homes NGBS silver level certified by Home Innovation Research Labs or better, or LEED silver.

Section 2 is the effective date.

Justification

In order to facilitate growth in the green home market an incentive is needed as these homes typically cost more than the average new home.

In order to qualify for this incentive a new home will have to meet specific National Association of Home Builders (NAHB) or Leadership in Energy and Environmental Design (LEED). Specific of these standards that these homes will have to meet include but are not limited: protection of high value vegetation, improved soil, low or no VOC finishes, rain barrels at downspouts, recycled content building materials must be used as 2 major components, built in recycling collection space, renewable energy sources per house, energy star rating of 3.0 or higher, low flow showers and toilets, green certified products must be used. These are a few examples.

Prior legislative history

S. 6664 Passed Senate in 2012 S. 1710B Passed Senate in 2013 and 2014

Fiscal implications

None.

Effective date

This act shall take effect on the one hundred twentieth day after it shall have become a law. Effective immediately, the addition, amendment and/or repeal of any rule or regulation necessary for the

implementation of this act on its effective date is authorized to be made on or before such date.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.