Senator Mark Grisanti (R-60) today announced his sponsorship of bill (S-6664) to establish a real property tax exemption of thirty five percent for a period of no longer than twenty years for homes that meet certain specific National Association of Home Builders (NAHB) or Leadership in Energy and Environmental Design (LEED) standards. The goal of this legislation is to incentivize builders to invest in green homes which are typically more expensive to build.
Builders will have to ensure that the lot is located near mass transit, protects high value vegetation, soil improved with organic mulch, low flow showers and toilets mandated, energy star rating of 3.0 or higher, at least one renewable energy for the house, rain barrels provided at no less than 2 downspouts and over fifty percent of the internal components must be green certified products. These are some but not all of the requirements spelled out in the legislation.
