Provides tax abatements for building owners in cities with a population of one million or more who complete exterior repairs to covered buildings.

This bill, known as the RESTORE Act, aims to incentivize timely completion of exterior repairs on buildings in cities with a population of one million or more. It provides property tax abatements for building owners who complete covered repairs within specified timeframes. Covered repairs include those required due to unsafe conditions or made to prevent such conditions, which necessitate sidewalk sheds. The abatement percentages vary based on the time taken to complete repairs, with a maximum abatement of 50% if completed within three months.

Provides tax abatements for building owners in cities with a population of one million or more who complete exterior repairs to covered buildings.

This bill, known as the RESTORE Act, aims to incentivize timely completion of exterior repairs on buildings in cities with a population of one million or more. It provides property tax abatements for building owners who complete covered repairs within specified timeframes. Covered repairs include those required due to unsafe conditions or made to prevent such conditions, which necessitate sidewalk sheds. The abatement percentages vary based on the time taken to complete repairs, with a maximum abatement of 50% if completed within three months.