Provides a green infrastructure tax abatement for certain properties in a city of one million or more.
The bill introduces a green infrastructure tax abatement for eligible buildings in cities with a population of one million or more. It defines "green infrastructure project" and "eligible building," and outlines the application process for tax abatement. The abatement is conditioned on compliance with local laws and regulations, and it can be revoked if the project fails to meet certain standards. The bill also details enforcement and administration procedures, including the role of designated agencies and the department of finance.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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