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NY A04721
Bill
Status
Introduced
2/7/2011
Primary Sponsor
David McDonough
Click for details
AI Summary
- Creates a tax deduction for owners of one, two, or three family homes who remove underground home heating oil storage tanks
- Deduction covers up to 50 percent of expenses for removing underground tanks and replacing them with aboveground tanks or alternative home heating sources
- Limits the deduction to a maximum of $1,000 per year
- Takes effect immediately upon enactment
Legislative Description
Relates to modifications increasing federalized itemized deductions for removing underground home heating oil storage tanks; such deduction shall be limited to one thousand dollars in any one year.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means2/7/2011
Full Bill Text
No bill text available