Provides a tax abatement for facilty-integrated carbon-to-value equipment

This bill creates a property tax abatement for buildings in cities with over 1 million residents that install equipment capturing and reusing carbon dioxide emissions. Property owners can reduce their annual property taxes by up to $100,000 (or 5% of eligible equipment costs, whichever is lower) for qualifying carbon-to-value systems placed in service between 2025 and 2030. To qualify, the equipment must demonstrably reduce emissions through verified life cycle assessments, cannot be installed in designated environmental justice areas, and must meet specific technical requirements like carbon storage for 100+ years. The abatement applies only to "class four" real property in eligible cities and requires certification by the city's designated agency.