The City of Houston recently approved tax incentives for businesses that install green stormwater infrastructure.
Property owners who construct green roofs, rain gardens, permeable pavement, and rainwater harvesting elements can have their property tax reduced. A facility would be eligible for a tax abatement if the project valuation is at least $3 million, with at least $200,000 of that for green stormwater infrastructure.
The value of the abatement could be 100% of the project’s valuation for the green stormwater infrastructure for up to 10 years. Thus, a $3 million project with $200,000 worth of green stormwater infrastructure could save the owner $20,000 annually.
One city council member told the Houston Chronicle that he would like to extend the program to include residential property owners.
Related Stories
| Jul 5, 2013
Spray Foam Coalition supports new professional certification program for applicators
The Spray Foam Coalition (SFC) of the American Chemistry Council announced its support of the Spray Polyurethane Foam Alliance’s (SPFA) new Professional Certification Program for spray foam applicators.
| Jul 5, 2013
Some industry insiders see design-build as easier path to LEED certification
The design-build construction delivery method may have advantages during a LEED certification process.
| Jun 27, 2013
Lease-accounting legislation could hurt construction industry
Regulatory bodies have proposed changes in how leased equipment is treated on a corporate balance sheet.
| Jun 27, 2013
AGC urges Congress, Obama to reject caps on construction workers in immigration legislation
The unemployment rate in the construction sector in May was the lowest it has been in five years, which could signal a coming worker shortage, according to the Associated General Contractors of America.
| Jun 27, 2013
California legislators make push for prevailing wage law
California lawmakers introduced new legislation that would cut off state construction funds from charter cities that don’t mandate the equivalent of union-scale wages on public-works projects. Of the 482 cities in California, 121 are charter cities.
| Jun 27, 2013
Thermal, solar control designs can impact cooling loads by 200%, heating loads by 30%
Underestimating thermal bridging can greatly undermine a building’s performance contributing to heating load variances of up to 30% and cooling load variances of up to 200%, says the MMM Group.
| Jun 27, 2013
U.S. Conference of Mayors passes new sustainability resolutions
The U.S. Conference of Mayors (USCM) passed a slate of sustainability resolutions that renew its commitment to local green building and clean energy efforts.
| Jun 19, 2013
NSF Sustainability begins verifying EPDs that can be used for LEED V4
NSF Sustainability has verified Environmental Product Declarations (EPDs) for nylon carpet styles and colors manufactured by Mannington Commercial and for J+J Flooring Group’s Kinetex® flooring product and Invision brand modular styles that use eKo® backing.
| Jun 19, 2013
Florida is latest battleground over LEED standards centered on certified wood
A nationwide battle over forest certification standards continues to be played out nationally and in Florida with legislation passed this month.
| Jun 19, 2013
Construction site safety improved in 2011
On-the-job construction fatalities dropped from 802 in 2010 to 781 in 2011, and recordable injuries fell from 4.7 per 100 workers in 2008 to 3.9 per 100 in 2011, according to data from the Bureau of Labor Statistics.
