Bill > S04458

This bill creates a new tax credit of $500 for taxpayers in New York who purchase and install a water purification or filtration system in their residence or business. The tax credit can be claimed for each residence or business where a new system is installed by a professional. The bill defines a "water purification or filtration system" as a system that removes impurities from water through a physical, chemical, or biological process. The tax credit applies to taxable years beginning on or after January 1, 2023.