New York S03506 allows a personal income tax deduction for well water testing by a certified laboratory, up to $600, once every three years.
New York S03506 amends the tax law to provide a personal income tax deduction for expenses related to testing potable well water by a certified laboratory. The deduction is limited to $600 and can be claimed once every three years. The well water testing must comply with state standards and be conducted by a certified laboratory, which must notify the property owner if the water sample exceeds the standards for potable drinking water. This deduction applies to taxable years commencing on or after January 1 of the year in which the act becomes law.
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