Establishes an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions.

New York A02047 amends the real property tax law to establish an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions. It creates an energy efficiency improvement board to approve the abatements and exemptions. Eligible real property includes class B multiple dwellings, class A multiple dwellings, non-residential commercial properties, single family private dwellings, and two-family private dwellings. Eligible improvements include design, permitting, cleaning, resurfacing, installation of insulation, and more.

Establishes an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions.

New York A02047 amends the real property tax law to establish an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions. It creates an energy efficiency improvement board to approve the abatements and exemptions. Eligible real property includes class B multiple dwellings, class A multiple dwellings, non-residential commercial properties, single family private dwellings, and two-family private dwellings. Eligible improvements include design, permitting, cleaning, resurfacing, installation of insulation, and more.