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Bill > S03506


NY S03506

NY S03506
Provides for a personal income tax deduction, once every three years up to six hundred dollars, for the testing of potable well water by a certified laboratory.


summary

Introduced
01/28/2025
In Committee
01/28/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to providing for a personal income tax deduction for certain well water testing

AI Summary

This bill provides a personal income tax deduction for homeowners who have their well water tested by a state-certified laboratory, allowing a deduction of up to $600 once every three years. Specifically, the bill permits taxpayers to claim a tax deduction for expenses related to testing potable well water for substances that must be monitored under the federal Safe Drinking Water Act and New York state public health law. To qualify for the deduction, the water testing must be conducted by a state-certified laboratory, which is required to notify the property owner if the water sample exceeds drinking water standards set by the department of health. Additionally, the property owner must report any water standard violations to their local municipal health department. The bill aims to encourage and support homeowners in monitoring the safety of their well water by providing a financial incentive through a tax deduction. The tax deduction will take effect immediately and apply to taxable years beginning on or after January 1st of the year the bill becomes law.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

REFERRED TO BUDGET AND REVENUE (on 01/28/2025)

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