Establishes a tax credit for homeowners and businesses to build permeable surfaces

This bill creates a tax credit allowing New York homeowners and businesses to deduct up to 50% of construction costs (capped at $5,000) for installing permeable surfaces like driveways, sidewalks, or parking lots. Homeowners must reside in New York for 24 months and own residential property, while businesses must be based in New York for 36 months. The credit applies to projects completed during the taxable year, with "permeable surfaces" defined as paving that allows water and air movement. It takes effect immediately for qualifying projects.