Sec. 638.1. Intent and purpose

(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.