Establishes a sump pump installation and replacement tax credit for homeowners who use the home as their principal residence and who have an income of less than $250,000.
Provides state aid to certain municipalities to offset tax exempt land, and certain housing and infrastructure costs for the state fiscal year beginning April 1 next succeeding the effective date, and each fiscal year thereafter; directs the director of the budget to create a formula for the amounts of such aid, and to select municipalities to receive such aid.
Relates to the offering of installment payment plans for tax delinquent property in the city of Mount Vernon, subject to a first payment equal to at least ten percent of delinquent taxes, assessments or other legal charges, and subject to specific periods of duration.
Exempts certain other than for-profit community gardens from payment for water usage and supply; exempts non-profit community gardens located on property in the city of New York and licensed by or registered with such city's department of parks and recreation from payment for water usage and supply.
Enacts the "New York utility corporation securitization act"; allows electric corporations to petition the public service commission for authority to issue storm recovery bonds.