Tax Incentive Designed to Create More Green Roofs Expanded

Sourced from AM New York

After a tax perk promoting green roofs went largely unused, elected officials are increasing the incentive to help the program grow.

State Sen. John Liu and Assemb. Nily Rozic heralded on Monday legislation they shepherded into law, which revamps the green roof tax abatement program.

Through July 2024, property owners across the city will continue to be entitled to an abatement of $5.23 per square foot of green roof, provided at least 80% of the surface is covered with plants.

But the new law also gives the city the authority to abate $15 per square foot in community districts prone to sewage overflows during storms and that have a limited amounts of green space. Owners may not receive an abatement of more than $200,000.

Rozic said the cost of installing vegetation on roofs was prohibitive for many property owners.

"The distribution of green roof spaces in the city are mostly limited to Manhattan, and that's really unfair for outer borough communities like our own," said Rozic, who represents Flushing, Hillcrest, Fresh Meadows, Oakland Gardens and Bayside. "Manhattan (is) a borough to-date that doesn't really have sewer overflow issues like the ones we see out here in Queens."

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