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Who cares
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Sponsors
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History
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6750
Title of bill
An act to amend the tax law, in relation to credits against tax for homeowners and businesses to build permeable surfaces
Purpose
The bill would provide homeowners and businesses a tax credit for constructing a permeable surface, such as a driveway or parking lot to help mitigate flooding.
Summary of provisions
The bill creates a tax credit for homeowners and businesses who construct a permeable surface, during the taxable year, as part of or near their real property The tax credit can be for up to 50% of the cost of construction but cannot exceed $5,000.
Justification
Many counties across New York State experience extensive and devastating flood damage due to Hurricane Irene and Tropical Storm Lee. Future flood damage can be mitigated by incentivizing homeowners and businesses to construct permeable surfaces such as, paved driveways and parking lots which allow for the movement of water and air around the materials. Permeable surfaces could decrease future damages caused by flooding.
Legislative history
New Bill.
Fiscal implications
Needs to be determined.
Effective date
Effective immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.