Provides a credit against income tax of fifty dollars and a deduction of any balance up to a total of five hundred dollars for expense of testing well water; applies to tax years beginning on or after January 1, 2009.
STATE OF NEW YORK
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4493
2011-2012 Regular Sessions
IN ASSEMBLY
February 3, 2011
___________
Introduced by M. of A. J. MILLER -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to providing a tax credit and
deduction for certain costs of testing well water
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subsection (d) of section 615 of the tax law is amended by
2 adding a new paragraph 5 to read as follows:
3 (5) Expenses incurred by the owner of the real property for the test-
4 ing of well water, not to exceed five hundred dollars less any amount
5 claimed as a credit against tax pursuant to section six hundred
6 fifteen-a of this part by said owner, where the well in question
7 services the owner's residence. The test may be conducted for any legal
8 purpose, but anyone claiming this deduction where, in fact, no test has
9 been conducted shall, in addition to any other legal recourse, be
10 subject to a civil penalty of two thousand dollars.
11 § 2. The tax law is amended by adding a new section 615-a to read as
12 follows:
13 § 615-a. Credit for expenses incurred by an owner of real property in
14 testing residential well water. An owner of residential real property
15 shall be entitled to a credit against the tax otherwise due under this
16 article of fifty dollars for expenses incurred in testing well water
17 where the tested well services such real property. The test may be
18 conducted for any legal purpose, but anyone claiming this credit where,
19 in fact, no test has been conducted shall, in addition to any other
20 legal recourse, be subject to a civil penalty of two thousand dollars.
21 § 3. This act shall take effect immediately and shall apply to tax
22 years beginning on and after January 1, 2011.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08201-01-1
