Senate Bill S9852

2023-2024 Legislative Session

Establishes an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Rules Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2023-S9852 (ACTIVE) - Details

See Assembly Version of this Bill:
A10536
Current Committee:
Senate Rules
Law Section:
Real Property Tax Law
Laws Affected:
Add §488-b, RPT L

2023-S9852 (ACTIVE) - Summary

Establishes an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions in cities with a population of one million or more.

2023-S9852 (ACTIVE) - Sponsor Memo

2023-S9852 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9852
 
                             I N  S E N A T E
 
                               June 5, 2024
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the real property tax law, in relation  to  establishing
   an  abatement  and  exemption  from  real  property  taxes for capital
   improvements to reduce carbon emissions; and providing for the  repeal
   of such provisions upon expiration thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative intent. New York's nation leading climate  law,
 the  climate  leadership  and  community protection act of 2019 (CLCPA),
 requires the state to reduce its greenhouse gas emissions to 40  percent
 below  1990  levels  by  2030, and 85 percent below 1990 levels by 2050,
 among other goals. At the same time, New York city's local law number 97
 for the year 2019 requires buildings over 25,000 square feet  to  reduce
 their  carbon  emissions to comply with increasingly stringent emissions
 limits. While New York's  building  stock  accounts  for  more  than  25
 percent  of  statewide  greenhouse gas emissions and transportation is a
 top emitter, in New York city that ratio  is  reversed,  with  buildings
 accounting  for approximately 70 percent of greenhouse gas emissions. As
 such, reaching the state and city's climate goals will  require  signif-
 icant investment to decarbonize buildings including through electrifica-
 tion,  energy  efficiency,  and  the  use of new technologies and energy
 sources. The use of this targeted abatement, which would be available to
 support all property owners that are meaningfully  engaged  in  reducing
 carbon  emissions will ensure the success of the CLCPA and local law 97.
 This legislation will benefit all  New  Yorkers  by  ensuring  that  our
 buildings can play a vital role in decarbonization.
   §  2.  The  real  property  tax law is amended by adding a new section
 488-b to read as follows:
   § 488-B. ABATEMENT AND EXEMPTION FROM REAL PROPERTY TAXES FOR  CAPITAL
 IMPROVEMENTS TO REDUCE CARBON EMISSIONS. 1. ANY CITY HAVING A POPULATION
 OF  ONE  MILLION  OR MORE, ACTING THROUGH ITS LOCAL LEGISLATIVE BODY, IS
 AUTHORIZED AND EMPOWERED TO DETERMINE THAT INCENTIVES  IN  THE  FORM  OF
 ABATEMENT  AND/OR  EXEMPTION  OF  REAL  PROPERTY  TAXES ARE NECESSARY TO
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.