S T A T E O F N E W Y O R K
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1838
2017-2018 Regular Sessions
I N A S S E M B L Y
January 13, 2017
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Introduced by M. of A. McLAUGHLIN -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to creating a tax credit for
households or businesses that install a water purification or filtra-
tion system
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 (hhh) to read as follows:
(HHH) WATER FILTRATION OR PURIFICATION TAX CREDIT. (1) A TAXPAYER WHO
PURCHASES AND INSTALLS A WATER PURIFICATION OR FILTRATION SYSTEM IN
THEIR RESIDENCE AND/OR BUSINESS, IF SUCH RESIDENCE OR BUSINESS IS
LOCATED WITHIN THIS STATE, SHALL BE ALLOWED A CREDIT AGAINST THE TAX
OTHERWISE IMPOSED UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO FIVE HUNDRED
DOLLARS.
(2) A TAXPAYER MAY CLAIM ONE CREDIT PURSUANT TO PARAGRAPH ONE OF THIS
SUBSECTION FOR EACH RESIDENCE OR BUSINESS FOR WHICH THE TAXPAYER
PURCHASES AND INSTALLS A NEW WATER PURIFICATION OR FILTRATION SYSTEM.
(3) FOR PURPOSES OF THIS SUBSECTION A "WATER PURIFICATION OR FILTRA-
TION SYSTEM" SHALL MEAN A SYSTEM THAT REMOVES IMPURITIES FROM WATER BY
MEANS OF A FINE PHYSICAL BARRIER, A CHEMICAL PROCESS OR A BIOLOGICAL
PROCESS THAT WAS INSTALLED BY A PROFESSIONAL.
§ 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2017.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04282-02-7