New York A03646 establishes a tax credit for homeowners with an income under $250,000 for sump pump installation and replacement costs.

New York A03646 amends the tax law to establish a sump pump installation and replacement tax credit. This credit applies to homeowners who use the home as their principal residence and have a household income of less than $250,000. The credit is equal to 50% of the total cost of replacement, repair, or installation of a sump pump, provided the work is recommended by a certified plumber or municipality. The credit can be carried over to the next five taxable years if it exceeds the taxpayer's tax for the year.

New York A03646 establishes a tax credit for homeowners with an income under $250,000 for sump pump installation and replacement costs.

New York A03646 amends the tax law to establish a sump pump installation and replacement tax credit. This credit applies to homeowners who use the home as their principal residence and have a household income of less than $250,000. The credit is equal to 50% of the total cost of replacement, repair, or installation of a sump pump, provided the work is recommended by a certified plumber or municipality. The credit can be carried over to the next five taxable years if it exceeds the taxpayer's tax for the year.