Hello,

I am a co-op shareholder in New York urging you to extend the J-51 tax credit through 2030.

The J-51 tax abatement program is a critical tool to help building owners, especially co-op and condo shareholders, save money on major capital improvements, including energy efficiency upgrades and electrification projects to comply with Local Law 97, NYC's landmark emissions reduction law.

However, the current June 2026 deadline for completing these upgrades is not enough time for over 200,000 co-ops to take advantage of this tax break, which can help prevent skyrocketing maintenance costs and be used on capital improvements that make our homes healthier and greener.

We urge the New York State Legislature to pass a J-51 extension bill in 2026 so this essential green tax break doesn’t lapse. An extension will allow more buildings to access this essential funding, reduce emissions, lower operating costs for residents, and ensure that low and moderate-income homeowners can afford to make these necessary improvements. We also support a raise on the cap for J-51 to include more middle class co-ops and condos so they can comply with Local Law 97.