Provides a tax abatement for facility-integrated carbon-to-value equipment in a city with a population of one million or more.

New York A06221 amends the real property tax law to provide a tax abatement for facility-integrated carbon-to-value equipment in cities with a population of one million or more. Eligible buildings must be class four real property within such cities. The abatement applies to equipment that removes, captures, or beneficially uses carbon dioxide, resulting in reduced carbon dioxide emissions. The abatement is equal to the lesser of five percent of eligible equipment expenditures, the amount of taxes payable, or one hundred thousand dollars.

Provides a tax abatement for facility-integrated carbon-to-value equipment in a city with a population of one million or more.

New York A06221 amends the real property tax law to provide a tax abatement for facility-integrated carbon-to-value equipment in cities with a population of one million or more. Eligible buildings must be class four real property within such cities. The abatement applies to equipment that removes, captures, or beneficially uses carbon dioxide, resulting in reduced carbon dioxide emissions. The abatement is equal to the lesser of five percent of eligible equipment expenditures, the amount of taxes payable, or one hundred thousand dollars.