What's happening
This bill allows homeowners to deduct up to $1,000 per year for certain environmentally beneficial home improvements on their New York state taxes.
Why it matters
Encourages private investment in environmental upgrades. By allowing a tax deduction, the bill incentivizes homeowners to spend their own money on improvements like sewage system upgrades or stormwater collection, which can reduce pollution and water runoff.
Targets common sources of household pollution. The specified improvements (sewage disposal systems, fuel oil tanks, stormwater systems) directly address significant contributors to local environmental problems, potentially improving water quality and neighborhood resilience.
Benefits a wide range of homeowners. The deduction applies to owners of one, two, or three-family homes, making it accessible to many New Yorkers, not just those with large properties or high incomes.
May stimulate local green industries. By making these upgrades more affordable, the bill could increase demand for environmentally friendly home improvement services and products, potentially creating jobs and supporting green businesses.
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Who cares
Headline styles
Tax Breaks for Water Upgrades
Plain English, a few words. Used as the page title.
Sponsors
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History
- Print number 2395a
- Amend and recommit to ways and means
- Referred to ways and means
- Referred to ways and means
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.
Tax Breaks for Clean Homes
In Senate Committee · Investigations And Government Operations · Sponsor Kenneth P. LaValle
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
S. 3174--A A. 2395--A
2017-2018 Regular Sessions
SENATE - ASSEMBLY
January 20, 2017
IN SENATE -- Introduced by Sens. LAVALLE, DeFRANCISCO, GALLIVAN, LARKIN -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the tax law, in relation to modifications increasing federal itemized deductions for home improvements
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subsection (d) of section 615 of the tax law is amended by adding a new paragraph 6 to read as follows:
(6) an amount, not to exceed fifty percent of the amount expended by a taxpayer who is the owner of a one, two or three family home for making an improvement to said home which will promote environmental quality, including the replacement or upgrade of an individual sewage disposal system, replacement or upgrade of fuel oil tanks, or the installment of a storm water collection and recharge system. This deduction is limited to one thousand dollars in any one tax year.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02124-02-8
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.