Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 18, 2018 |
referred to ways and means |
Assembly Bill A10783
2017-2018 Legislative Session
Sponsored By
ASHBY
Archive: Last Bill Status - In Assembly 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
Actions
2017-A10783 (ACTIVE) - Details
2017-A10783 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10783 I N A S S E M B L Y May 18, 2018 ___________ Introduced by M. of A. ASHBY -- read once and referred to the Committee on Ways and Means 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, 2018. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15470-01-8
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