Loading chat...
NY A04493
Bill
Status
Introduced
2/3/2011
Primary Sponsor
Joel Miller
Click for details
AI Summary
- Allows property owners of residential real property to claim a tax credit of $50 for expenses incurred in testing residential well water
- Provides a deduction for well water testing expenses up to $500, reduced by any amount claimed as a tax credit under the new provision
- Applies only to wells that service the owner's residence and testing conducted for any legal purpose
- Imposes a $2,000 civil penalty for anyone claiming the credit or deduction when no test was actually conducted
- Effective immediately and applies to tax years beginning on or after January 1, 2011
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
6/19/2012
Committee Referrals
Ways and Means2/3/2011
Full Bill Text
No bill text available