Bill
A 806
Bill A 806 offers tax abatements to NYC property owners who adopt green infrastructure, promoting sustainability and improving urban resilience and community health.
Bill Number: A 806
Title: Provides a green infrastructure tax abatement for certain properties in N.Y. city
Status: Referred to Real Property Taxation
Introduced: January 08, 2025
Classification: Bill
Bill A 806 aims to promote the development and implementation of green infrastructure in New York City by providing tax abatements for certain properties that adopt environmentally friendly practices. The intent is to encourage property owners to invest in sustainable technologies and practices that contribute to environmental conservation, improve urban resilience, and enhance the quality of life for residents.
Tax Abatement Eligibility: The bill outlines specific criteria that properties must meet to qualify for the tax abatement. This may include the installation of green roofs, rain gardens, permeable pavements, and other sustainable infrastructure elements.
Duration of Abatement: The bill specifies the duration for which the tax abatement will be available to qualifying properties, although the exact timeline is not detailed in the provided information.
Application Process: Property owners interested in receiving the tax abatement will need to submit an application to the relevant city authority, demonstrating compliance with the established criteria.
Reporting Requirements: The bill may include provisions for periodic reporting to assess the effectiveness of the tax abatement program in promoting green infrastructure.
Property Owners: The primary beneficiaries of this bill will be property owners in New York City who invest in green infrastructure. This includes residential, commercial, and mixed-use properties.
City Government: The city will be responsible for administering the tax abatement program, including processing applications and monitoring compliance.
Community and Environment: The broader community will benefit from improved environmental conditions, such as reduced stormwater runoff, enhanced air quality, and increased green space.
Legislative Action: The bill was introduced on January 08, 2025, and has been referred to the Real Property Taxation committee for further consideration.
Related Legislation: Bill A 806 has a companion bill, S 6353, which may provide additional context or support for the proposed tax abatement measures.
Bill A 806 represents a strategic effort to incentivize green infrastructure development in New York City through tax relief for property owners. By fostering sustainable practices, the bill aims to enhance urban resilience and contribute to a healthier environment for all residents. Further discussions and evaluations in the Real Property Taxation committee will determine the bill's progress and potential implementation.
Compiled from official sources — confirm details with the bill’s official record.
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