Bill Text: NY S03644 | 2015-2016 | General Assembly | Amended
Bill Title: Establishes a green development home tax exemption for certain counties 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.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Engrossed - Dead) 2016-05-05 - referred to real property taxation [S03644 Detail]
Download: New_York-2015-S03644-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 3644--A 2015-2016 Regular Sessions IN SENATE February 13, 2015 ___________ Introduced by Sens. PANEPINTO, KENNEDY -- read twice and ordered print- ed, and when printed to be committed to the Committee on Local Govern- ment -- recommitted to the Committee on Local Government in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to establishing a green development home tax exemption in certain counties The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property tax law is amended by adding a new 2 section 431 to read as follows: 3 § 431. Green development home tax exemption; certain counties. 1. As 4 used in this section, the following terms shall have the following mean- 5 ings: 6 (a) "Applicant" means any person obligated to pay real property taxes 7 on the property for which an exemption from real property taxes under 8 this section is sought. 9 (b) "Certified silver" shall mean (i) certified by the NAHB national 10 green building certification program at a performance point level of 11 silver or better, or (ii) LEED for new construction certified silver or 12 better. 13 (c) "Green development neighborhood" shall mean a subdivision, 14 consisting of new one, two or three family residences that is (i) either 15 a green development or LEED-ND certified, and (ii) subject to deed 16 restrictions or other covenants running with the land which require all 17 residences within the subdivision to be constructed so as to be certi- 18 fied silver. 19 (d) "Green development" shall mean a subdivision development with a 20 performance point level of four stars as rated by the NAHB. 21 (e) "LEED" shall mean the United States green building council leader- 22 ship in energy and environmental design rating system. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06322-05-5