senate Bill S5219

2019-2020 Legislative Session

Relates to establishing a tax credit for sewer lateral pipe replacement or repair

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Sponsored By

Current Bill Status - In Senate Committee Finance Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 14, 2019 reported and committed to finance
Apr 16, 2019 referred to budget and revenue

Votes

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May 14, 2019 - committee Vote

S5219
5
0
committee
5
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: May 14, 2019

aye wr (2)

Co-Sponsors

S5219 (ACTIVE) - Details

See Assembly Version of this Bill:
A2537
Current Committee:
Senate Finance
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2017-2018 Legislative Session:
S7180, A9623

S5219 (ACTIVE) - Summary

Establishes a tax credit for the replacement or repair of sewer lateral pipes by homeowners who use the home as their principal residence and have an income of less than two hundred fifty thousand dollars.

S5219 (ACTIVE) - Sponsor Memo

S5219 (ACTIVE) - Bill Text download pdf


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

                                  5219

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                             April 16, 2019
                               ___________

Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Budget and Revenue

AN ACT to amend the tax law, in  relation  to  establishing  a  sanitary
  sewer lateral pipe replacement or repair credit

  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 (jjj) to read as follows:
  (JJJ)  SANITARY SEWER LATERAL PIPE REPLACEMENT CREDIT. (1) GENERAL. AN
INDIVIDUAL TAXPAYER SHALL BE ALLOWED A CREDIT FOR TAXABLE  YEARS  BEGIN-
NING  ON  OR  AFTER  JANUARY  FIRST, TWO THOUSAND TWENTY AGAINST THE TAX
IMPOSED BY THIS ARTICLE FOR THE COSTS TO REPAIR  OR  REPLACE  A  LATERAL
SANITARY SEWER PIPE, WHEN SUCH REPAIR OR REPLACEMENT IS RECOMMENDED BY A
CERTIFIED PLUMBER OR THE PRESIDING MUNICIPALITY. THE AMOUNT OF THE CRED-
IT SHALL BE TWENTY-FIVE PERCENT OF THE TOTAL COST OF REPAIR OR REMOVAL.
  (2)  LATERAL  REPAIR  AND  REPLACEMENT  COSTS.  (A) THE TERM "COSTS OF
REPLACEMENT" INCLUDES THE COST OF AN  ASSESSMENT  FROM  A  PLUMBER,  ANY
INITIAL APPRAISALS, LABOR COSTS, DISPOSAL FEES, AND CLEANUP FEES; EXCEPT
ANY  STATE  OR LOCAL SALES TAX APPLICABLE TO THE SERVICES PERFORMED. (B)
THE TERM "COSTS OF REPAIR" INCLUDES THE COST OF  AN  ASSESSMENT  FROM  A
PLUMBER,  ANY  INITIAL  APPRAISALS,  LABOR  COSTS,  DISPOSAL  FEES,  AND
FOLLOW-UP FEES; EXCEPT ANY STATE OR LOCAL SALES TAX  APPLICABLE  TO  THE
SERVICES.
  (3)  AMOUNT  OF  CREDIT.  THE  AGGREGATE AMOUNT OF TAX CREDITS ALLOWED
UNDER THIS SUBSECTION IN ANY  CALENDAR  YEAR  STATEWIDE  SHALL  BE  FIVE
MILLION DOLLARS.
  (4)  LATERAL REPAIR OR REPLACEMENT FOR QUALIFIED TAXPAYERS. A PROPERTY
OWNER WHO INCURS COSTS FOR REPAIRING OR REPLACING  LATERAL  SEWER  PIPES
MUST BE REPLACING OR REPAIRING THE LATERAL PIPE LOCATED ON A RESIDENTIAL
PROPERTY OR MIXED-USE PROPERTY, WHICH IS:
  (A) LOCATED IN THIS STATE;

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

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