New York extends, enhances tax abatements to promote green roofs

The amendment to the law will increase tax breaks for green roofs from $4.50 to $5.23 per square foot, with benefits that could reach a maximum of $200,000. 

Photo: Pacific Northwest Regional Architecture via Wikimedia Commons
Photo: Pacific Northwest Regional Architecture via Wikimedia Commons
January 26, 2014

The expansion of a tax-abatement program for green roofs under New York state law doubles the previous maximum benefit of $100,000, adds new plant species to the list of those applicable for the tax break, and allows new drainage and other structural provisions to make installation easier.

The amendment to the law will increase tax breaks for green roofs from $4.50 to $5.23 per square foot, with benefits that could reach a maximum of $200,000.

Green roofs would be required to cover 50% of the rooftop space under the mandate, contain 80% vegetation, and include a waterproofing membrane, insulation, drainage and a separate layer to collect water.

(http://www.habitatmag.com/Publication-Content/2014/2014-January/Featured-Articles/State-Extends-Green-Roof-Tax-Break#.UtzAdPsRXIU)

         
 

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