What's happening
This bill allows homeowners to deduct up to $1,000 per year for certain environmentally friendly home improvements on their state taxes.
Why it matters
Incentivizes green upgrades. By offering a tax deduction, the bill encourages homeowners to invest in environmental improvements like upgraded sewage systems, safer fuel tanks, or stormwater management, which can reduce pollution and protect local ecosystems.
Targets residential property owners. The deduction is specifically for owners of one, two, or three-family homes, potentially making it more accessible to typical homeowners rather than large developers or landlords.
Caps both amount and percentage. Only 50% of qualifying expenses can be deducted, up to a $1,000 annual limit, which helps ensure the benefit is modest and focused on small to medium-sized projects rather than major renovations.
Promotes public health and resilience. Improvements such as modernized sewage disposal or stormwater systems can directly benefit communities by reducing contamination and improving infrastructure resilience to heavy rainfall or flooding.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Tax Breaks for Clean Homes
Plain English, a few words. Used as the page title.
Sponsors
History
- Print number 3174a
- Amend and recommit to investigations and government operations
- 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.
Tax Breaks for Water Upgrades
In Assembly Committee · Ways And Means · Sponsor Fred Thiele
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.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to modifica- tions 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 6 to § 1 subsection (d) of § 615 of the tax law.
Justification
The degradation of surface and wetlands caused by toxins and pollutants prevalent in storm water runoff can be averted by making the necessary improvements to a home. This tax exemption will provide an enticement for the property owner to improve that status of the home and environ- ment.
Legislative history
2015-16 S.2101/A.3030; 2013-14 S.4632A.6693; 2011-12 S.814; 2009-10 S.234; 2007-08,S144; 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 any one 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.