|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 11, 2012||
referred to real property taxation
delivered to assembly
|Jun 04, 2012||
advanced to third reading
|May 31, 2012||
2nd report cal.
|May 30, 2012||
1st report cal.959
|May 02, 2012||
reported and committed to finance
|Mar 08, 2012||
referred to local government
senate Bill S6664
Establishes a green development home tax exemption
Archive: Last Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
view actions (8)
Jun 11, 2012 - floor VoteS6664590floor59Aye0Nay0Absent3Excused0Abstained
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Floor Vote: Jun 11, 2012aye (59)
May 30, 2012 - Finance committee VoteS6664300committee30Aye0Nay3Aye with Reservations0Absent2Excused0Abstained
show Finance committee vote details
Finance Committee Vote: May 30, 2012aye (30)
May 2, 2012 - Local Government committee VoteS666470committee7Aye0Nay1Aye with Reservations0Absent0Excused0Abstained
- show floor vote details
S6664 - Bill Details
- See Assembly Version of this Bill:
- Current Committee:
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §431, RPT L
S6664 - Bill Texts
Establishes a green development home tax exemption authorizing a 35% exemption from local real property taxation for homes that are part of green developments as LEED certified or certified by the national association of home builders.
view sponsor memo
TITLE OF BILL:
to amend the real property tax law, in relation to establishing a green
development home tax exemption
This legislation would allow a tax exemption for real
property tax exemption of thirty five percent for a period of no
longer than twenty years if authorized by the local municipality.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 creates the Green
development home tax exemption which would be a thirty five percent
exemption for a period of no longer than twenty years.
This section provides that such an incentive shall be at local option.
This section further provides that such homes shall be 1, 2, 3 story
homes are designated a green development or are LEED-ND certified.
Further this section specifies what national standards must be meet in
order to be eligible to qualify for the benefit.
Section 2 is the effective date.
In order to facilitate growth in the green home market
an incentive is needed as these homes typically cost more than the
average new home.
In order to qualify for this incentive a new home will have to meet
specific National Association of Home Builders (NAHB) or Leadership
in Energy and Environmental Design (LEED). Specific of these
standards that these homes will have to meet include but are not
limited: protection of high value vegetation, improved soil, low or
no VOC finishes, rain barrels at down spouts, recycled content
building materials must be used as 2 major components, built in
recycling collection space, renewable energy sources per house,
energy star rating of 3.0 or higher, low flow showers and toilets,
green certified products must be used. These are a few examples.
PRIOR LEGISLATIVE HISTORY:
This act shall take effect on the one hundred twentieth day
after it shall have become a law. Effective immediately, the
addition, amendment and/or repeal of any rule or regulation
necessary for the implementation of this act on its effective
date is authorized to be made on or before such date.
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S T A T E O F N E W Y O R K ________________________________________________________________________ 6664 I N S E N A T E March 8, 2012 ___________ Introduced by Sen. GRISANTI -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to establishing a green development home tax exemption THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 431 to read as follows: S 431. GREEN DEVELOPMENT HOME TAX EXEMPTION. 1. THE LOCAL LEGISLATIVE BODY OF ANY CITY, TOWN OR VILLAGE IS HEREBY AUTHORIZED AND EMPOWERED TO ADOPT AND AMEND A LOCAL LAW TO PROVIDE THAT ANY REAL PROPERTY WHICH SATISFIES THE REQUIREMENTS OF SUBDIVISION TWO OF THIS SECTION SHALL BE GRANTED A REDUCED REAL PROPERTY TAX RATE AS SET FORTH IN SUBDIVISION THREE OF THIS SECTION. 2. SUCH LOCAL LAW SHALL PROVIDE THAT FOR REAL PROPERTY TO QUALIFY FOR THE EXEMPTION SET FORTH IN SUBDIVISION THREE OF THIS SECTION, SUCH REAL PROPERTY SHALL BE A ONE, TWO OR THREE FAMILY RESIDENCE AND PART OF A DEVELOPMENT THAT: (A) IS EITHER (I) A GREEN DEVELOPMENT OR (II) LEED-ND CERTIFIED; AND (B) CONTAINS HOMES, SEVENTY-FIVE PERCENT OF WHICH ARE CERTIFIED SILVER. 3. SUCH LOCAL LAW SHALL PROVIDE THAT REAL PROPERTY THAT SATISFIES THE CRITERIA SET FORTH IN SUBDIVISION TWO OF THIS SECTION SHALL BE PARTIALLY EXEMPT FROM LOCAL REAL PROPERTY TAXATION FOR A PERIOD NOT TO EXCEED TWENTY YEARS IN THE AGGREGATE AFTER THE TAXABLE STATUS DATE IMMEDIATELY FOLLOWING THE SATISFACTION THEREOF, AS FOLLOWS: EXEMPTION FROM THIRTY-FIVE PERCENT OF SUCH TAXATION. 4. (A) UPON SUCCESSFUL LEED CERTIFICATION OR NAHB CERTIFICATION, A DEVELOPER SHALL NOTIFY THE TAX ASSESSOR OF ANY ASSESSING UNIT THAT SUCH DEVELOPMENT SATISFIES THE REQUIREMENTS SET FORTH IN SUBDIVISION TWO OF THIS SECTION AND THAT ALL REAL PROPERTY LOCATED WITHIN SUCH DEVELOPMENT SHALL BE GRANTED A REDUCED REAL PROPERTY TAX RATE AS SET FORTH IN SUBDI- VISION THREE OF THIS SECTION. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14826-01-2 S. 6664 2 (B) AN EXEMPTION GRANTED PURSUANT TO THIS SECTION SHALL COMMENCE AS OF THE DATE OF THE NOTIFICATION OF THE TAX ASSESSOR, AND SHALL TERMINATE UPON THE EXPIRATION OR TERMINATION OF THE CERTIFICATIONS REQUIRED PURSU- ANT TO SUBDIVISION TWO OF THIS SECTION. 5. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "CERTIFIED SILVER" SHALL MEAN (I) CERTIFIED BY THE NAHB NATIONAL GREEN BUILDING CERTIFICATION PROGRAM AT A PERFORMANCE POINT LEVEL OF SILVER OR BETTER, OR (II) LEED FOR NEW CONSTRUCTION CERTIFIED SILVER OR BETTER. (B) "DEVELOPMENT" SHALL MEAN A NEIGHBORHOOD OR COMMUNITY OF NEW ONE, TWO OR THREE FAMILY RESIDENCES WHICH SHALL INCLUDE ALL STREETS, LOTS AND COMMON AREAS. (C) "GREEN DEVELOPMENT" SHALL MEAN A DEVELOPMENT WITH A PERFORMANCE POINT LEVEL OF FOUR STARS AS RATED BY THE NAHB. (D) "LEED" SHALL MEAN THE UNITED STATES GREEN BUILDING COUNCIL LEADER- SHIP IN ENERGY AND ENVIRONMENTAL DESIGN RATING SYSTEM. (E) "LEED-ND" SHALL MEAN LEED FOR NEIGHBORHOOD DEVELOPMENT. (F) "NAHB" SHALL MEAN THE NATIONAL ASSOCIATION OF HOME BUILDERS. S 2. This act shall take effect on the one hundred twentieth day after it shall have become a law. Effective immediately, the addition, amend- ment and/or repeal of any rule or regulation necessary for the implemen- tation of this act on its effective date is authorized to be made on or before such date.
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