New York A04955 establishes a tax credit for homeowners and businesses to build permeable surfaces.

New York A04955 amends the tax law to create a tax credit for homeowners and businesses constructing permeable surfaces. Homeowners can claim up to 50% of the cost, up to $5,000, for permeable surfaces on their property. Businesses can claim up to 50% of the cost, up to $5,000, for permeable surfaces within 1,000 feet of their property. A permeable surface is defined as any permeable paving that allows water and air movement, including sidewalks, driveways, and parking lots. The credit applies to taxable years beginning on and after the effective date of the act.

New York A04955 establishes a tax credit for homeowners and businesses to build permeable surfaces.

New York A04955 amends the tax law to create a tax credit for homeowners and businesses constructing permeable surfaces. Homeowners can claim up to 50% of the cost, up to $5,000, for permeable surfaces on their property. Businesses can claim up to 50% of the cost, up to $5,000, for permeable surfaces within 1,000 feet of their property. A permeable surface is defined as any permeable paving that allows water and air movement, including sidewalks, driveways, and parking lots. The credit applies to taxable years beginning on and after the effective date of the act.