New York bill S06099 provides tax credits for homeowners and businesses investing in green infrastructure.

New York bill S06099 amends the tax law to offer credits for homeowners and businesses investing in green infrastructure. Homeowners can receive a tax credit for up to 50% of the cost of constructing green infrastructure, up to $10,000. Businesses can also receive a tax credit for up to 50% of the cost of constructing green infrastructure, up to $5,000. Green infrastructure includes practices like downspout disconnection, rainwater harvesting, rain gardens, planter boxes, permeable pavements, and green roofs. The credit cannot reduce the tax due below a fixed minimum amount.

New York bill S06099 provides tax credits for homeowners and businesses investing in green infrastructure.

New York bill S06099 amends the tax law to offer credits for homeowners and businesses investing in green infrastructure. Homeowners can receive a tax credit for up to 50% of the cost of constructing green infrastructure, up to $10,000. Businesses can also receive a tax credit for up to 50% of the cost of constructing green infrastructure, up to $5,000. Green infrastructure includes practices like downspout disconnection, rainwater harvesting, rain gardens, planter boxes, permeable pavements, and green roofs. The credit cannot reduce the tax due below a fixed minimum amount.