senate Bill S4767

2019-2020 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

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue Committee


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

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 25, 2019 referred to budget and revenue

S4767 (ACTIVE) - Details

See Assembly Version of this Bill:
A3854
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2017-2018 Legislative Session:
A10783

S4767 (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.

S4767 (ACTIVE) - Sponsor Memo

S4767 (ACTIVE) - Bill Text download pdf


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

                                  4767

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                             March 25, 2019
                               ___________

Introduced  by  Sen.  JORDAN -- 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 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 (jjj) to read as follows:
  (JJJ) 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, 2019.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02033-01-9

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