Assembly Bill A8383

2015-2016 Legislative Session

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

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-A8383 (ACTIVE) - Details

See Senate Version of this Bill:
S2163
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6750
2013-2014: S1787
2017-2018: A673, S1736
2019-2020: A961
2021-2022: A6311
2023-2024: A6530

2015-A8383 (ACTIVE) - Summary

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

2015-A8383 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  8383

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                           September 11, 2015
                               ___________

Introduced by M. of A. STIRPE -- read once and referred to the Committee
  on Ways and Means

AN  ACT  to  amend  the  tax law, in relation to credits against tax for
  homeowners and businesses to build permeable surfaces

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  606  of  the  tax law is amended by adding a new
subsection (ccc) to read as follows:
  (CCC)  CREDIT  FOR  HOMEOWNERS  AND  BUSINESSES  TO  BUILD   PERMEABLE
SURFACES. (1)(A) HOMEOWNERS WHO CONSTRUCT A PERMEABLE SURFACE AS PART OF
THEIR  REAL  PROPERTY,  DURING  THE  TAXABLE  YEAR, SHALL BE ELIGIBLE TO
RECEIVE  A  TAX  CREDIT  FOR  UP  TO  FIFTY  PERCENT  OF  THE  COST   OF
CONSTRUCTION, NOT EXCEEDING FIVE THOUSAND DOLLARS.
  (B)  FOR  PURPOSES  OF THIS SUBSECTION THE FOLLOWING DEFINITIONS SHALL
APPLY:
  (I) HOMEOWNER  IS  DEFINED  AS  A  NEW  YORK  RESIDENT  FOR  THE  PAST
TWENTY-FOUR MONTHS AND WHO OWNS A SINGLE FAMILY OR MULTI-FAMILY DWELLING
FOR RESIDENTIAL PURPOSES WITHIN NEW YORK STATE.
  (II)  PERMEABLE  SURFACE,  SHALL MEAN ANY PERMEABLE PAVING THAT ALLOWS
THE MOVEMENT OF WATER AND AIR AROUND THE PAVING MATERIALS.  A  PERMEABLE
SURFACE  SHALL  INCLUDE  BUT NOT BE LIMITED TO: SIDEWALKS, DRIVEWAYS AND
PARKING LOTS.
  (2)(A) BUSINESSES WHO CONSTRUCT A PERMEABLE  SURFACE  ADJACENT  TO  OR
WITHIN ONE THOUSAND FEET OF THE PROPERTY, DURING THE TAXABLE YEAR, SHALL
BE  ELIGIBLE TO RECEIVE A TAX CREDIT FOR UP TO FIFTY PERCENT OF THE COST
OF CONSTRUCTION, NOT EXCEEDING FIVE THOUSAND DOLLARS.
  (B) FOR PURPOSES OF THIS SUBSECTION THE  FOLLOWING  DEFINITIONS  SHALL
APPLY:
  (I) BUSINESS SHALL MEAN ANY BUSINESS WHOSE PRINCIPAL PLACE OF BUSINESS
IS  LOCATED IN NEW YORK STATE, AND HAS BEEN LOCATED IN THE STATE FOR THE
PREVIOUS THIRTY-SIX MONTHS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03124-01-5

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