New York Codes, Rules and Regulations
Title 6 - DEPARTMENT OF ENVIRONMENTAL CONSERVATION
Chapter VII - STATE AID
Subchapter B - STATE AID FOR ENVIRONMENTAL CONSERVATION PROGRAMS
Part 638 - GREEN BUILDING TAX CREDIT
Section 638.1 - Intent and purpose
Universal Citation: 6 NY Comp Codes Rules and Regs ยง 638.1
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Intent. Green buildings minimize environmental impact and maximize the preservation of open space. Section 19 of the Tax Law is intended to encourage building owners and developers to design, construct and operate buildings that are energy efficient, utilize recycled materials, provide clean air, and incorporate renewable and energy efficient power generation.
(b) Purpose. The purpose of this Part is to set forth:
(1) certain standards and other requirements
that must be met for a base building to be a green base building and for tenant
space to be designated as green tenant space, as those terms are defined in
section 19
of the Tax Law; and
(2) the methods
by which taxpayers must demonstrate compliance with those standards and
requirements to be eligible for the green building tax credit.
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