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No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides for an increase in federal itemized deduction for home improvements which promote water quality
In Assembly Committee · Ways And Means · Sponsor Fred Thiele
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to modifications increasing federal itemized deductions for home improvements
Purpose
A fifty percent enticement to improve a one, two or three-family home that will promote environmental quality.
Summary of provisions
Adds a new paragraph 5 to §1 subsection (d) of §615 of the tax law.
Legislative history
2007-08, S.144; 2005-06, S.584; 2003-04, S.723; 2001-02, S.2106; 1999-00, S.1636; 1997-98, S.2661
Fiscal implications
An amount, not to exceed fifty percent of the amount expended by a taxpayer who is a homeowner. This deduction is limited to one thousand dollars in anyone tax year.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.