BILL NO A02097
SAME AS No Same as
Add S431, RPT L
Establishes a green development home tax exemption authorizing a 35% exemption
from local real property taxation for homes that are part of green developments
as LEED certified or certified by the national association of home builders.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A2097
TITLE OF BILL: An act to amend the real property tax law, in relation
to establishing a green development home tax exemption
PURPOSE: This legislation would allow a tax exemption for real prop-
erty 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
This section further provides that such homes shall be 1,2,3 story homes
are designated a green development or are LEED-ND certified. Further
this section specifies what national standards must be meet in order to
be eligible to qualify for the benefit. 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 aver-
age 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 (LEER). Specific of these
standards that these homes will have to meet include but are not limit-
ed: protection of high value vegetation, improved soil, low or no VOC
finishes, rain barrels at downspouts, recycled content building materi-
als 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: 2013-2014 A.7297 - Referred to Real Prop-
FISCAL IMPLICATIONS: None.
EFFECTIVE DATE: This act shall take effect on the one hundred twenti-
eth day after becoming law.