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S 6353

Provides a green infrastructure tax abatement for certain properties in a city of one million or more

2025 Regular Session Introduced by Leroy Comrie

Bill S 6353 offers tax breaks to property owners in cities over one million who invest in green infrastructure, promoting sustainability and improving urban environments.

REPORTED AND COMMITTED TO FINANCE
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Bill Summary · S 6353

Summary of Bill S 6353

Overview

Bill S 6353 aims to provide a tax abatement for green infrastructure improvements on certain properties located in cities with populations of one million or more. The intent of the bill is to encourage sustainable development practices and enhance environmental resilience in urban areas.

Key Provisions

  • Tax Abatement: The bill proposes a tax abatement for property owners who invest in green infrastructure, which may include features such as green roofs, permeable pavements, rain gardens, and other environmentally friendly enhancements.
  • Eligibility Criteria: Properties eligible for the tax abatement must be located in cities with populations exceeding one million. Specific criteria for what constitutes "green infrastructure" will be defined in the bill's implementation guidelines.
  • Duration of Abatement: The bill outlines the duration of the tax abatement, although specific time frames are not detailed in the provided information. This will likely be established during the legislative process.
  • Implementation: The bill mandates that local governments develop a framework for administering the tax abatement program, including application processes and compliance monitoring.

Impact

  • Property Owners: The primary beneficiaries of this bill will be property owners in large cities who undertake green infrastructure projects. The financial incentive of a tax abatement may encourage more property owners to invest in sustainable practices.
  • Urban Environment: By promoting green infrastructure, the bill aims to improve urban environmental conditions, potentially leading to better air quality, reduced urban heat, and enhanced stormwater management.
  • Local Governments: Cities will need to allocate resources to manage the tax abatement program, including processing applications and ensuring compliance with the green infrastructure standards.

Legislative Status

  • Introduced: March 11, 2025
  • Current Status: As of May 6, 2025, the bill has been reported and committed to the Finance Committee for further consideration.
  • Related Legislation: This bill has a companion bill, A 806, which may address similar provisions or objectives.

Conclusion

Bill S 6353 represents a significant step towards promoting sustainable urban development through financial incentives for green infrastructure. If passed, it could lead to substantial environmental benefits in densely populated cities while providing economic relief to property owners who invest in eco-friendly improvements. Further discussions in the Finance Committee will determine the bill's final provisions and implementation details.

Compiled from official sources — confirm details with the bill’s official record.

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