Provides tax abatement related to the removal of leaded paint

This bill provides property tax relief to owners of residential rental buildings (with three or more units) that permanently remove lead-based paint hazards. Owners can receive a tax abatement equal to the cost of certified lead paint remediation, paid over up to two years, subject to city-established limits. To qualify, the work must be performed by EPA-certified firms, completed after a city adopts a local law for this purpose, and the building must have no delinquent taxes. The tax relief applies only once per building and excludes temporary fixes or routine renovations.