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Green Building Tax Exemption

Leveraging Green Building Tax Credits

A variety of federal and New York state tax credits are available to businesses like yours. These are based on conditions such as: hiring members of target groups, operating in certain locations, type of activity or location of the business, while others are more widely applicable.

Section 470 of the Real Property Tax Law provides a tax exemption based on the municipality’s level of Leadership in Energy and Environmental Design (LEED) certified construction.

HOW WE HELP YOU

Freed Maxick can guide you through the process of earning this exemption. These are some of the specific program details to be managed: 

  • The local taxing jurisdiction must adopt the exemption to be effective. 
  • The exemption applies to both commercial and residential construction projects that meet LEED certification standards for green buildings. 
  • The value of the new construction must exceed $10,000. 
  • The exemption applies to the increased assessed value as a result of the new construction.

Your Expert

Donnely L. Warrant, CPA

Director

Are you looking for Green Building Tax Exemption Services from a New York CPA firm?

If so, simply fill out the form below or call us at 716.847.2651 for more information.