What's happening
This bill provides a tax credit for New York homeowners and businesses that build permeable surfaces like driveways and parking lots.
Why it matters
Encourages stormwater management and flood prevention. By incentivizing the use of permeable surfaces, the bill aims to reduce runoff, which can help decrease flooding and improve water quality in local waterways.
Targets both residential and commercial properties. The credit is available to homeowners and businesses, broadening its potential environmental impact across urban and suburban areas.
Supports long-term local investment. Only homeowners and businesses with a sustained presence in New York (24 months for homeowners, 36 months for businesses) are eligible, rewarding those with an ongoing commitment to the state.
Caps and limits ensure broad but controlled impact. The $5,000 maximum credit per project and the 50% cost-sharing provision help distribute benefits while preventing excessive subsidies for individual projects.
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Who cares
Headline styles
Tax Credit for Permeable Surfaces
Plain English, a few words. Used as the page title.
Sponsors
Assembly Member · Assembly District 127
1 Multi-sponsor
History
- 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 Credit for Permeable Surfaces
In Senate Committee · Investigations And Government Operations · Sponsor David Carlucci
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
673
2017-2018 Regular Sessions
IN ASSEMBLY
January 9, 2017
Introduced by M. of A. STIRPE, GUNTHER, SIMON, FAHY, MAGNARELLI, LUPAR- DO, RAIA -- Multi-Sponsored by -- M. of A. LOPEZ, McLAUGHLIN, THIELE -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to credits against tax for homeowners and businesses to build permeable surfaces
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 606 of the tax law is amended by adding a new subsection (ccc) to read as follows:
(ccc) Credit for homeowners and businesses to build permeable surfaces. (1)(a) Homeowners who construct a permeable surface as part of their real property, during the taxable year, shall be eligible to receive a tax credit for up to fifty percent of the cost of construction, not exceeding five thousand dollars.
(b) For purposes of this subsection the following definitions shall apply:
(i) Homeowner is defined as a New York resident for the past twentyfour months and who owns a single family or multi-family dwelling for residential purposes within New York state.
(ii) Permeable surface, shall mean any permeable paving that allows the movement of water and air around the paving materials. A permeable surface shall include but not be limited to: sidewalks, driveways and parking lots.
(2)(a) Businesses who construct a permeable surface adjacent to or within one thousand feet of the property, during the taxable year, shall be eligible to receive a tax credit for up to fifty percent of the cost of construction, not exceeding five thousand dollars.
(b) For purposes of this subsection the following definitions shall apply:
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01851-01-7
A. 673 2
(i) Business shall mean any business whose principal place of business is located in New York state, and has been located in the state for the previous thirty-six months.
(ii) Permeable surface, shall mean any permeable paving that allows the movement of water and air around the paving materials. A permeable surface shall include but not be limited to: sidewalks, driveways and parking lots.
§ 2. This act shall take effect immediately and shall apply to taxable years commencing on and after such date.
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.