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NY A07225
Bill
Status
Introduced
3/26/2009
Primary Sponsor
Joel Miller
Click for details
AI Summary
- Owner of residential real property receives a $50 tax credit against taxes due for expenses incurred in testing well water that services the property
- Owner may deduct well water testing expenses up to $500, reduced by any amount claimed as a credit under section 615-A
- Well testing may be conducted for any legal purpose to qualify for the credit or deduction
- False claims for the credit or deduction without actual testing result in a $2,000 civil penalty in addition to other legal remedies
- Effective immediately and applies to tax years beginning on or after January 1, 2009
Legislative Description
Provides a credit against income tax of fifty dollars and a deduction of any balance up to a total of five hundred dollars for expense of testing well water; applies to tax years beginning on or after January 1, 2009.
Last Action
held for consideration in ways and means
7/1/2010
Committee Referrals
Ways and Means3/26/2009
Full Bill Text
No bill text available