Thursday, December 17, 2009

New York State and NYC Green Roof Tax Abatement Incentive

Text of State law at: http://www.nyc.gov/html/dof/html/pdf/08pdf/green_roof_legislation.pdf

NYC Green Roof Tax AbatementWhat it is: A one-time property tax abatement equal to $4.50 per square foot up to $100,000 (no greater than the tax liability of the building for one year) for green roof installations that cover at least 50% of the roof and meet certain criteria (vegetation depth, waterproofing requirements, etc.)When to apply: Application must be received by March 15th in order for a property tax abatement to take effect on July 1st of the same calendar yearWho is eligible: Property owners who have installed a green roof meeting the criteria required after August 5, 2008Which agency: NYC Department of BuildingsTo apply: Green Roof Property Tax Abatement Application

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