Establishes the sustainable building materials incentive program act.

Creates the sustainable building materials incentive program in the department of commerce to spur innovation in the sustainable building materials sector and advance the building of tall buildings from sustainable building materials in the state.

Requires the joint legislative audit and review committee to conduct an evaluation of the program to determine the extent to which the program recipients are spurring innovation in the development of buildings made of sustainable materials and manufacturing of sustainable building materials.

Creates the sustainable building materials incentive program account.