A4493-2011 Actions

• Jun 19, 2012: held for consideration in ways and means
• Jan 4, 2012: referred to ways and means
• Feb 3, 2011: referred to ways and means

A4493-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         4493
 2011-2012 Regular Sessions
 I N  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:

 

Section 1. Subsection (d) of section 615 of the tax law is amended  by
 adding a new paragraph 5 to read as follows:

 (5)  EXPENSES INCURRED BY THE OWNER OF THE REAL PROPERTY FOR THE TEST
 ING OF WELL WATER, NOT TO EXCEED FIVE HUNDRED DOLLARS  LESS  ANY  AMOUNT
 CLAIMED  AS  A  CREDIT  AGAINST  TAX  PURSUANT  TO  SECTION  SIX HUNDRED
 FIFTEEN-A OF THIS PART  BY  SAID  OWNER,  WHERE  THE  WELL  IN  QUESTION
 SERVICES  THE OWNER'S RESIDENCE. THE TEST MAY BE CONDUCTED FOR ANY LEGAL
 PURPOSE, BUT ANYONE CLAIMING THIS DEDUCTION WHERE, IN FACT, NO TEST  HAS
 BEEN  CONDUCTED  SHALL,  IN  ADDITION  TO  ANY  OTHER LEGAL RECOURSE, BE
 SUBJECT TO A CIVIL PENALTY OF TWO THOUSAND DOLLARS.
 

S 2. The tax law is amended by adding a new section 615-a to  read  as
 follows:

 

S  615-A. CREDIT FOR EXPENSES INCURRED BY AN OWNER OF REAL PROPERTY IN
 TESTING RESIDENTIAL WELL WATER. AN OWNER OF  RESIDENTIAL  REAL  PROPERTY
 SHALL  BE  ENTITLED TO A CREDIT AGAINST THE TAX OTHERWISE DUE UNDER THIS
 ARTICLE OF FIFTY DOLLARS FOR EXPENSES INCURRED  IN  TESTING  WELL  WATER
 WHERE  THE  TESTED  WELL  SERVICES  SUCH  REAL PROPERTY. THE TEST MAY BE
 CONDUCTED FOR ANY LEGAL PURPOSE, BUT ANYONE CLAIMING THIS CREDIT  WHERE,
 IN  FACT,  NO  TEST  HAS  BEEN CONDUCTED SHALL, IN ADDITION TO ANY OTHER
 LEGAL RECOURSE, BE SUBJECT TO A CIVIL PENALTY OF TWO THOUSAND DOLLARS.
 

S 3. This act shall take effect immediately and  shall  apply  to  tax
 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

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