Bill > S01806

This bill establishes a tree removal and emerald ash elimination credit in New York state. The bill allows individual taxpayers to claim a credit for the costs of removing a tree infested with the emerald ash borer, up to $300 per tree or 50% of the total removal cost. Taxpayers can also claim a credit for the costs of insecticide injection treatments to trees infected with the emerald ash borer, up to $100 per tree or 50% of the total treatment cost. The total amount of tax credits allowed statewide in a calendar year is capped at $25 million. To qualify, the tree removal or treatment must be for a tree located on the taxpayer's residential or mixed-use property that they own and use as their principal residence, secondary residence, or rental property. The credit can be claimed starting in the 2018 tax year.

Government Affairs

https://assembly.state.ny.us/leg/?default_fld=&bn=S01806&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y