Provides a green infrastructure tax abatement for eligible buildings in cities with a population of one million or more.

The bill introduces a green infrastructure tax abatement for eligible buildings in cities with a population of one million or more. This abatement applies to expenditures for materials, labor, architectural and engineering services, and designs related to green infrastructure projects. The tax abatement is the lesser of 7.5% of eligible expenditures, the amount of taxes payable, or $20,000. The abatement is contingent on compliance with local laws and regulations, and it can be revoked if the building or project fails to meet these requirements.

Provides a green infrastructure tax abatement for eligible buildings in cities with a population of one million or more.

The bill introduces a green infrastructure tax abatement for eligible buildings in cities with a population of one million or more. This abatement applies to expenditures for materials, labor, architectural and engineering services, and designs related to green infrastructure projects. The tax abatement is the lesser of 7.5% of eligible expenditures, the amount of taxes payable, or $20,000. The abatement is contingent on compliance with local laws and regulations, and it can be revoked if the building or project fails to meet these requirements.