This article implements § 470 of the New York Real
Property Law by granting a real property exemption for improvements
to real property located in the County of Suffolk which meets LEED
certification standards for green buildings.
If the Assessor is satisfied that the applicant is entitled
to an exemption pursuant to this article, he or she shall approve
the application and such real property shall thereafter be exempt
from taxation as provided in this article commencing with the assessment
roll prepared after the taxable status date. The assessed value of
any exemption granted pursuant to this article shall be entered by
the Assessor on the assessment roll with the taxable property, with
the amount of this exemption shown in a separate column.