Bill > A02480

This bill creates a new tax credit for New York state taxpayers who purchase and install water purification or filtration systems in their residences or businesses located within the state. The tax credit is worth $500 and can be claimed once per residence or business where a new system is professionally installed. A "water purification or filtration system" is defined as a system that removes water impurities through physical, chemical, or biological processes installed by a professional. The credit can be applied against taxes otherwise owed under the state's tax law, providing a financial incentive for residents and business owners to improve their water quality. The bill will take effect immediately and apply to taxable years beginning on or after January 1, 2025, allowing taxpayers to claim the credit for water treatment systems installed from that date forward.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A2480