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History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
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Establishes a personal income tax credit for the improvement or replacement of an existing residential septic system
In Assembly Committee · Ways And Means · Sponsor James Conte
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 establishing a personal income tax credit for the improvement or replacement of a residential septic system
Purpose or general idea of bill
This act provides monetary relief to taxpayers who need to improve or replace an existing residential septic system.
Summary of specific provisions
Section 1 amends the Tax Law by creating a Residential Septic System Credit for Personal Income Tax purposes. The credit shall be used for the improvement or replacement of a residential septic system used to process sewage. The credit equals $500 for an improvement and $1,000 for replacement.
Section 2 authorizes this act to take effect for tax years 2008 and thereafter.
Justification
Recent incidences of the ground sinking and people falling into septic systems and cesspools on Long Island and other areas in the State have created an urgent need to improve or replace existing septic systems. Many systems are 50 years old or older and need immediate evaluating, repair, or replacement.
This bill will provide monetary relief to taxpayers who need to pay for an improvement or replacement of their cesspool or septic system. It will also encourage people, who have not already considered such improvements or replacements, to begin the process of evaluating their existing septic system for practical and safety measures.
Prior legislative history
A.11642 of 2006 - Referred to Ways and Means A.7388 of 2007/08- Held in Assembly Ways & Means/S.4411 - Senate Gov't Operations
Fiscal implications
To be determined.
Effective date
This act shall take effect on January 1, 2010 and apply to taxable years commencing on or after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.