Bill > S04767

This bill proposes to create a tax credit for taxpayers in New York who purchase and install a water purification or filtration system in their residence or business. The credit would be equal to $500 per residence or business, and taxpayers could claim one credit for each location where they install a new system. The bill defines a "water purification or filtration system" as a system that removes impurities from water through physical, chemical, or biological processes, and that was installed by a professional. The bill would take effect immediately and apply to taxable years beginning on or after January 1, 2019.