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Senate Bill S715A

2017-2018 Legislative Session

Relates to creating a tax credit for taxpayers who purchase and install a water filtration or purification system in their residence or business

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Archive: Last Bill Status - In Senate Committee Rules Committee

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Bill Amendments

2017-S715 - Details

Current Committee:
Senate Rules
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2015-2016 Legislative Session:
S7901

2017-S715 - Summary

Relates to creating a tax credit for taxpayers who purchase and install a water filtration or purification system in their residence or business.

2017-S715 - Sponsor Memo

2017-S715 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    715
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 4, 2017
                                ___________
 
 Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations
 
 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

2017-S715A (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2015-2016 Legislative Session:
S7901

2017-S715A (ACTIVE) - Summary

Relates to creating a tax credit for taxpayers who purchase and install a water filtration or purification system in their residence or business.

2017-S715A (ACTIVE) - Sponsor Memo

2017-S715A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  715--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 4, 2017
                                ___________
 
 Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations -- recommitted to the Committee on Investigations  and
   Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee
 
 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 (iii) to read as follows:
   (III)  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, 2018.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04282-03-8

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