Bill
A 3646
Establishes a state tax credit to help homeowners and other property owners cover sump pump installs and flood-mitigation costs, reducing basement flood risk.
Executive snapshot
- Bill number: A 3646
- Title: Establishes a sump pump tax credit
- Status: REFERRED TO WAYS AND MEANS
- Introduced: January 29, 2025
- Primary sponsor: William Conrad
- Related bills (prior-session): S 7179, S 5218, S 3902, A 9275
Overview and purpose
A 3646 would create a state tax credit aimed at supporting sump pump installation or related flood-mitigation measures. The fundamental objective is to encourage property owners to invest in sump pumps and associated improvements to reduce basement flooding risk and potential flood-related damages.
What is known about the bill’s provisions
- The information provided confirms only the bill’s general purpose to establish a sump pump tax credit.
- Specifics such as the credit amount, eligible expenditures, eligibility criteria (e.g., homeowner vs. rental property, income restrictions), geographic or damage-requirement limitations, whether the credit is refundable or nonrefundable, carryover provisions, cap per taxpayer, and any sunset or renewal provisions are not included in the details given.
- Administrative particulars (which agency administers the credit, required documentation, application process, audit/fraud controls) are also not specified here.
Potential key provisions to look for in the full text
- Eligible expenditures: installation costs for sump pumps, backup power sources, backflow valves, drainage improvements, waterproofing, and related materials.
- Eligibility: types of properties (single-family homes, multi-family rentals, commercial properties), ownership status, and any income or location requirements.
- Credit parameters: credit amount (fixed dollar amount vs. percentage of costs), maximum credit per year, per-property caps, and whether any portion is refundable.
- Interaction with other programs: interaction with existing flood-mmitigation incentives, other tax credits, or disaster-relief programs.
- Administration: required certifications, proof of installation, inspection requirements, and noncompliance remedies.
- Timing: effective date, any phase-in provisions, and whether the credit sunsets or is permanent.
Impact considerations
- Affected groups: primarily homeowners and property owners undertaking sump pump installations; contractors and suppliers in the flood-mitigation sector.
- Fiscal impact: potential reduction in state revenue due to tax credits; possible offset by reduced flood damages and disaster-relief costs over time.
- Policy goals: promotes flood resilience and damage prevention at the household level; aligns incentives with hazard mitigation.
Procedural and timeline notes
- Current step: Referred to the Assembly Ways and Means Committee on January 29, 2025.
- Next steps: committee review, potential amendments, floor consideration, and potential enactment or further action in the legislative process.
- Related legislation: Several prior-session bills (S 7179, S 5218, S 3902, A 9275) suggest ongoing interest in tax-based flood mitigation incentives.
Notes for readers
- The summary reflects the limited information provided. For a complete understanding, review the enacted bill text, fiscal notes, and committee materials once available.
Compiled from official sources — confirm details with the bill’s official record.
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