Senate Bill S5219A

2019-2020 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

2019-S5219 - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: S7180
2021-2022: S3954
2023-2024: S5726

2019-S5219 - 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.

2019-S5219 - Sponsor Memo

2019-S5219 - 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.
              

co-Sponsors

2019-S5219A (ACTIVE) - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: S7180
2021-2022: S3954
2023-2024: S5726

2019-S5219A (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.

2019-S5219A (ACTIVE) - Sponsor Memo

2019-S5219A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5219--A
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                              April 16, 2019
                                ___________
 
 Introduced  by Sens. KENNEDY, HOYLMAN, METZGER -- read twice and ordered
   printed, and when printed to be committed to the Committee  on  Budget
   and  Revenue  -- recommitted to the Committee on Budget and Revenue in
   accordance with Senate Rule 6, sec. 8 --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee
 
 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 (kkk) to read as follows:
   (KKK)  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-ONE 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.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00401-02-0
              

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