Bill > A03562

This bill proposes to create a tax credit of $500 for taxpayers who purchase and install a water purification or filtration system in their residence or business located within New York State. The bill defines a "water purification or filtration system" as a system that removes impurities from water using a physical, chemical, or biological process installed by a professional. Taxpayers can claim one credit per residence or business where they install a new system. The tax credit would apply to taxable years beginning on or after January 1, 2021.