Do you support this bill?

Senate Bill S6935

2017-2018 Legislative Session

Relates to credits against tax for homeowners who invest in certain stormwater modifications, repairs and improvements

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

2017-S6935 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L

2017-S6935 (ACTIVE) - Summary

Establishes a tax credit up to fifty percent of the cost of such modifications, repairs and improvements, not exceeding three thousand dollars, for homeowners who invest in certain stormwater modifications, repairs and improvements.

2017-S6935 (ACTIVE) - Sponsor Memo

2017-S6935 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6935
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             November 3, 2017
                                ___________
 
 Introduced  by  Sen.  JACOBS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the tax law, in relation  to  credits  against  tax  for
   homeowners who invest in certain stormwater modifications, repairs and
   improvements

   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 TO INVEST IN CERTAIN STORMWATER MODIFICA-
 TIONS, REPAIRS AND IMPROVEMENTS. (1) HOMEOWNERS WHO CONSTRUCT  MODIFICA-
 TIONS,  REPAIRS  AND  IMPROVEMENTS DURING THE TAXABLE YEAR TO THEIR REAL
 PROPERTY TO LIMIT THE AMOUNT OF STORMWATER RUNOFF SO AS TO NOT  OVERBUR-
 DEN  THE  SINGLE  SEWER SYSTEM IN CERTAIN AREAS THAT ARE UNDER A CONSENT
 ORDER FROM THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION SHALL BE  ELIGI-
 BLE  TO RECEIVE A TAX CREDIT FOR UP TO FIFTY PERCENT OF THE COST OF SUCH
 MODIFICATIONS, REPAIRS AND IMPROVEMENTS, NOT  EXCEEDING  THREE  THOUSAND
 DOLLARS.
   (2)  FOR  PURPOSES OF THIS SUBSECTION, THE FOLLOWING DEFINITIONS SHALL
 APPLY:
   (A) "HOMEOWNER" IS DEFINED AS A NEW YORK RESIDENT FOR THE  PAST  TWEN-
 TY-FOUR MONTHS AND WHO OWNS A SINGLE FAMILY OR MULTI-FAMILY DWELLING FOR
 RESIDENTIAL PURPOSES WITHIN NEW YORK STATE.
   (B)  "MODIFICATIONS AND REPAIRS" SHALL MEAN ANY MODIFICATIONS, REPAIRS
 AND IMPROVEMENTS TO ANY STORMWATER  INFRASTRUCTURE,  CONVENTIONAL  PIPED
 DRAINAGE  AND  WATER TREATMENT SYSTEMS DESIGNED TO MOVE STORM WATER AWAY
 FROM THE HOMEOWNER'S RESIDENCE SO AS TO NOT OVERBURDEN  A  SINGLE  SEWER
 SYSTEM IN CERTAIN AREAS.
   (3)  THE  PROVISIONS  OF THIS SECTION SHALL NOT APPLY TO ANY HOMEOWNER
 WHO LIVES IN A CITY WITH A POPULATION OF ONE MILLION OR MORE.
   § 2. This act shall take effect immediately and shall apply to taxable
 years commencing on and after such date.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.