Establishes an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions in cities with a population of.
New York S06169 establishes an abatement and exemption from real property taxes for capital improvements aimed at reducing carbon emissions in cities with a population of one million or more. This includes measures such as full or partial building electrification, installation of onsite clean energy generation, and other energy-saving improvements. The abatement and exemption are available for work that begins after January 1, 2023, and is completed by December 31, 2030.
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