Extends deadlines for green roof tax abatement in cities with one million or more residents.

The bill amends the real property tax law to extend deadlines for the green roof tax abatement in cities with one million or more residents. It sets the tax abatement rate at ten dollars per square foot for green roofs, with a maximum abatement of two hundred thousand dollars. For certain designated community districts, the tax abatement is enhanced to fifteen dollars per square foot, with a maximum of two hundred thousand dollars. The bill also extends the application deadline for tax abatement to March 15, 2026.

Extends deadlines for green roof tax abatement in cities with one million or more residents.

The bill amends the real property tax law to extend deadlines for the green roof tax abatement in cities with one million or more residents. It sets the tax abatement rate at ten dollars per square foot for green roofs, with a maximum abatement of two hundred thousand dollars. For certain designated community districts, the tax abatement is enhanced to fifteen dollars per square foot, with a maximum of two hundred thousand dollars. The bill also extends the application deadline for tax abatement to March 15, 2026.