Bill Text: NY S00715 | 2017-2018 | General Assembly | Amended

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-06-20 - RECOMMITTED TO RULES [S00715 Detail]

Download: New_York-2017-S00715-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         715--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                     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:
     1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
     2  subsection (iii) to read as follows:
     3    (iii)  Water filtration or purification tax credit. (1) A taxpayer who
     4  purchases and installs a water  purification  or  filtration  system  in
     5  their  residence  and/or  business,  if  such  residence  or business is
     6  located within this state, shall be allowed a  credit  against  the  tax
     7  otherwise  imposed under this article in an amount equal to five hundred
     8  dollars.
     9    (2) A taxpayer may claim one credit pursuant to paragraph one of  this
    10  subsection  for  each  residence  or  business  for  which  the taxpayer
    11  purchases and installs a new water purification or filtration system.
    12    (3) For purposes of this subsection a "water purification  or  filtra-
    13  tion  system"  shall mean a system that removes impurities from water by
    14  means of a fine physical barrier, a chemical  process  or  a  biological
    15  process that was installed by a professional.
    16    § 2. This act shall take effect immediately and shall apply to taxable
    17  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