Provides for a personal income tax deduction, once every three years up to six hundred dollars, for the testing of potable well water by a certified laboratory.
Summary
Bill A06095 proposes an amendment to the New York tax law that allows property owners to claim a personal income tax deduction for expenses related to testing potable well water. The deduction is capped at six hundred dollars and can be claimed once every three years. The testing must be conducted by a state-certified laboratory, which is required to inform the property owner if the water sample exceeds health standards for drinking water as established by the state health department and the federal Safe Drinking Water Act.
Impact
If enacted, this bill would provide financial relief to property owners who rely on well water by allowing them to deduct testing expenses from their taxable income. This could encourage more property owners to test their well water regularly, potentially improving public health outcomes by ensuring that drinking water meets safety standards. The bill modifies existing tax law to include these deductions, thereby impacting state revenue and potentially increasing compliance with water safety regulations.
Sentiment
The sentiment surrounding Bill A06095 appears to be generally positive, as it addresses public health concerns related to well water safety. Discussions indicate support for incentivizing regular testing of well water, particularly in rural areas where such water sources are common. However, there may be some concerns regarding the administrative burden of tracking and verifying the deductions.
Contention
Notable points of contention may arise regarding the frequency of the deduction and the requirement for testing to be conducted by certified laboratories. Some stakeholders may argue that the three-year interval is too infrequent, while others may raise concerns about the costs associated with certified testing. Additionally, there could be discussions about the adequacy of the proposed cap of six hundred dollars in covering testing expenses.
Same As
Provides for a personal income tax deduction, once every three years up to six hundred dollars, for the testing of potable well water by a certified laboratory.
Provides for a personal income tax deduction, once every three years up to six hundred dollars, for the testing of potable well water by a certified laboratory.
Provides for a personal income tax deduction, once every three years up to six hundred dollars, for the testing of potable well water by a certified laboratory.
Provides gross income tax deductions for membership fees, dam project assessments, and potable water system project assessments paid to lake associations.
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