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A02080 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

           S. 2034                                                  A. 2080

                              2013-2014 Regular Sessions

                             S E N A T E - A S S E M B L Y

                                      (PREFILED)

                                    January 9, 2013
                                      ___________

       IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
         ed,  and  when  printed  to  be committed to the Committee on Housing,
         Construction and Community Development

       IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once  and  referred
         to the Committee on Real Property Taxation

       AN ACT to amend the real property tax law, in relation to exemptions for
         improvements  to  real  property  meeting  certification standards for
         green buildings

         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section  1. Subdivision 2 of section 470 of the real property tax law,
    2  as added by chapter 188 of the laws of  2012,  is  amended  to  read  as
    3  follows:
    4    2.  Such real property, or portion thereof, which is certified under a
    5  LEED certification standard for the  categories  of  certified,  silver,
    6  gold or platinum as meeting green building standards, as determined by a
    7  LEED  accredited  professional shall be exempt as provided below for the
    8  respective percentages provided that A MUNICIPAL CORPORATION MAY  ESTAB-
    9  LISH  A  MAXIMUM  EXEMPTION AMOUNT IN ITS LOCAL LAW, ORDINANCE OR RESOL-
   10  UTION, AND PROVIDED FURTHER, a copy of  the  LEED  certification  for  a
   11  qualified  category  is filed with the assessor's office and is approved
   12  by the assessor as meeting the requirements  of  this  section  and  the
   13  municipal   corporation's  local  law,  ordinance  or  resolution.  Such
   14  exemption shall be to the extent  of  any  increase  in  assessed  value
   15  resulting  from the construction or reconstruction of a property meeting
   16  LEED certification.
   17                               LEED EXEMPTION
   18  YEAR      CERTIFIED/SILVER         GOLD      PLATINUM
   19  1         100%                     100%      100%

        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04302-01-3
       S. 2034                             2                            A. 2080

    1  2         100%                     100%      100%
    2  3         100%                     100%      100%
    3  4         80%                      100%      100%
    4  5         60%                      80%       100%
    5  6         40%                      60%       100%
    6  7         20%                      40%       80%
    7  8         0%                       20%       60%
    8  9         0%                       0%        40%
    9  10        0%                       0%        20%
   10    S 2. This act shall take effect immediately.
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