Establishes the residential open green space tax abatement for certain properties in a city of one million or more; provides an abatement for owners.
New York A01889 establishes the residential open green space tax abatement for certain properties in a city of one million or more. It provides an abatement for owners who remove an impermeable surface from a residential yard and replace it with soil and vegetation. The abatement is four dollars and fifty cents per square foot of residential open green space. The bill defines terms such as "eligible building," "residential open green space," and "designated agency." It outlines the application process, continuing requirements, and enforcement and administration procedures.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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