Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 22, 2018 |
print number 3174a |
Feb 22, 2018 |
amend and recommit to investigations and government operations |
Jan 03, 2018 |
referred to investigations and government operations |
Jan 20, 2017 |
referred to investigations and government operations |
Senate Bill S3174A
2017-2018 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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
Bill Amendments
co-Sponsors
(R, C, IP) Senate District
(R, C) 60th Senate District
(R, C) Senate District
2017-S3174 - Details
- See Assembly Version of this Bill:
- A2395
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §615, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S234, A344
2011-2012: S814, A517
2013-2014: S4632, A6693
2015-2016: S2101, A3030
2017-S3174 - Summary
Provides for an increase in federal itemized deductions for certain home improvements; a fifty percent tax exemption is provided to a residential property owner of a one, two or three family home for improvements that will promote environmental quality; limits the deduction to $1,000 in any one tax year.
2017-S3174 - Sponsor Memo
BILL NUMBER: S3174 TITLE OF BILL : An act to amend the tax law, in relation to modifications increasing federal itemized deductions for home improvements PURPOSE : A fifty percent enticement to improve a one, two or three-family home that will promote environmental quality. SUMMARY OF PROVISIONS : Adds a new paragraph 5 to § 1 subsection (d) of § 615 of the tax law. JUSTIFICATION : The degradation of surface and wetlands caused by toxins and pollutants prevalent in storm water runoff can be averted by making the necessary improvements to a home. This tax exemption will provide an enticement for the property owner to improve that status of the home and environment. LEGISLATIVE HISTORY :
2017-S3174 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 3174 A. 2395 2017-2018 Regular Sessions S E N A T E - A S S E M B L Y January 20, 2017 ___________ IN SENATE -- Introduced by Sens. LAVALLE, DeFRANCISCO, GALLIVAN, LARKIN -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to modifications increasing federal itemized deductions for home improvements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (d) of section 615 of the tax law is amended by adding a new paragraph 5 to read as follows: (5) AN AMOUNT, NOT TO EXCEED FIFTY PERCENT OF THE AMOUNT EXPENDED BY A TAXPAYER WHO IS THE OWNER OF A ONE, TWO OR THREE FAMILY HOME FOR MAKING AN IMPROVEMENT TO SAID HOME WHICH WILL PROMOTE ENVIRONMENTAL QUALITY, INCLUDING THE REPLACEMENT OR UPGRADE OF AN INDIVIDUAL SEWAGE DISPOSAL SYSTEM, REPLACEMENT OR UPGRADE OF FUEL OIL TANKS, OR THE INSTALLMENT OF A STORM WATER COLLECTION AND RECHARGE SYSTEM. THIS DEDUCTION IS LIMITED TO ONE THOUSAND DOLLARS IN ANY ONE TAX YEAR. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02124-01-7
co-Sponsors
(R, C, IP) Senate District
(R, C) 60th Senate District
(R, C) Senate District
2017-S3174A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A2395
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §615, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S234, A344
2011-2012: S814, A517
2013-2014: S4632, A6693
2015-2016: S2101, A3030
2017-S3174A (ACTIVE) - Summary
Provides for an increase in federal itemized deductions for certain home improvements; a fifty percent tax exemption is provided to a residential property owner of a one, two or three family home for improvements that will promote environmental quality; limits the deduction to $1,000 in any one tax year.
2017-S3174A (ACTIVE) - Sponsor Memo
BILL NUMBER: S3174A SPONSOR: LAVALLE TITLE OF BILL: An act to amend the tax law, in relation to modifica- tions increasing federal itemized deductions for home improvements PURPOSE: A fifty percent enticement to improve a one, two or three-family home that will promote environmental quality. SUMMARY OF PROVISIONS: Adds a new paragraph 6 to § 1 subsection (d) of § 615 of the tax law. JUSTIFICATION: The degradation of surface and wetlands caused by toxins and pollutants prevalent in storm water runoff can be averted by making the necessary improvements to a home. This tax exemption will provide an enticement
2017-S3174A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 3174--A A. 2395--A 2017-2018 Regular Sessions S E N A T E - A S S E M B L Y January 20, 2017 ___________ IN SENATE -- Introduced by Sens. LAVALLE, DeFRANCISCO, GALLIVAN, LARKIN -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- recommit- ted 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 commit- tee IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to modifications increasing federal itemized deductions for home improvements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (d) of section 615 of the tax law is amended by adding a new paragraph 6 to read as follows: (6) AN AMOUNT, NOT TO EXCEED FIFTY PERCENT OF THE AMOUNT EXPENDED BY A TAXPAYER WHO IS THE OWNER OF A ONE, TWO OR THREE FAMILY HOME FOR MAKING AN IMPROVEMENT TO SAID HOME WHICH WILL PROMOTE ENVIRONMENTAL QUALITY, INCLUDING THE REPLACEMENT OR UPGRADE OF AN INDIVIDUAL SEWAGE DISPOSAL SYSTEM, REPLACEMENT OR UPGRADE OF FUEL OIL TANKS, OR THE INSTALLMENT OF A STORM WATER COLLECTION AND RECHARGE SYSTEM. THIS DEDUCTION IS LIMITED TO ONE THOUSAND DOLLARS IN ANY ONE TAX YEAR. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02124-02-8
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