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NY S02573

Bill

Official Source

Status

Introduced

1/26/2011

Primary Sponsor

Carl Kruger

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Allows municipalities to amend local tax law to provide a deduction on city personal income tax for owner-occupants of one to four-family homes
  • Permits deductions for home energy conservation expenses including weather stripping, storm windows and doors, and modernization of heating plants
  • Allows municipalities to determine additional allowable home energy conservation expenses through local law
  • Deduction applies to federal adjusted gross income for eligible homeowners
  • Effective January 1st following enactment

Legislative Description

Authorizes granting of tax credit for home energy conservation improvement.

Last Action

REFERRED TO CITIES

1/26/2011

Committee Referrals

Cities1/26/2011

Full Bill Text

No bill text available