Backer Of Green Building Tax Cut Vows Push In NY Assembly

Law360, New York (April 10, 2012, 7:51 PM EDT) -- Legislation that would give New York's municipalities power to exempt building owners from higher property taxes associated with energy efficiency improvements on Tuesday was moving in the state's Democrat-dominated Assembly again after dying there earlier this year.

Green building improvements worth more than $10,000 that begin in 2013 could see 100 percent of any tax burden tied to increased property value eliminated under the bill, according to sponsor Fred W. Thiele Jr., a Long Island assemblyman who left the Republican Party in 2009 to become an...
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