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Bill

A 4955

Establishes a tax credit for homeowners and businesses to build permeable surfaces

2025 Regular Session Introduced by Donna Lupardo and 3 co-sponsors

Establishes a New York state tax credit to help homeowners and businesses install permeable surfaces, reducing stormwater runoff and flood risk.

REFERRED TO WAYS AND MEANS
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WeVote Research Nonpartisan
Bill Summary · A 4955

Summary of New York Bill A 4955

Overview

Bill A 4955 would establish a tax credit program intended to encourage homeowners and businesses to build permeable surfaces. The bill is currently in the early stages of the legislative process and has been referred to the Ways and Means committee.

  • Status: Referred to Ways and Means (as of Feb 10, 2025)
  • Introduced: February 10, 2025
  • Primary Sponsor: Albert A. Stirpe
  • Cosponsors: William Magnarelli, Jo Anne Simon, Donna Lupardo
  • Related Bills (prior-session): A 8383, A 673, A 961, A 6311, A 6530

Purpose and Intent

The bill’s stated aim is to promote the installation of permeable surfaces by providing a state tax credit. The underlying goals typically include improving stormwater management, reducing runoff, diminishing flooding risk, and supporting environmental sustainability through green infrastructure. The available information does not specify whether the credit targets residential properties, commercial properties, or both, nor does it detail the duration or scope of the environmental outcomes intended.

Key Provisions (as described)

  • Tax Credit Establishment: Creates a tax credit to offset costs related to building permeable surfaces.
  • Eligible Applicants: Homeowners and businesses are identified as the primary beneficiaries.
  • Credit Details: Specifics such as credit rate, maximum credit per project, eligible expenditures, eligible permeable surface types, application and verification processes, carryforward provisions, and whether the credit is refundable or nonrefundable are not provided in the available text.

Note: The exact mechanics, eligibility criteria, caps, and administration procedures are not included in the information provided. The bill text would specify these details.

Eligibility and Beneficiaries

  • Target beneficiaries are homeowners and businesses.
  • Without the full text, it is unclear which project types qualify (e.g., driveways, parking areas, lawns converted to permeable surfaces) or any geographic or property-size limitations.

Administration and Implementation

  • The administrative body and process for claiming the credit are not detailed in the provided information. Typically, such credits would be administered through the state tax department or a related agency, with required documentation and verification procedures outlined in the bill.

Fiscal and Policy Implications

  • Potential impact on state tax revenue depending on the credit amount and uptake.
  • Potential environmental and public-benefit impacts through increased permeable surfaces and reduced stormwater runoff.
  • Details on interaction with other incentives, caps, sunsets, or sunset/phase-out schedules are not provided.

Next Steps for Readers

  • Monitor for the full text of A 4955 to review exact credit amounts, eligibility criteria, eligible expenditures, timeframe, and filing requirements.
  • Consider reviewing related prior-session bills (A 8383, A 673, A 961, A 6311, A 6530) for context on how similar permeable-surface incentives have been proposed in the past.

Compiled from official sources — confirm details with the bill’s official record.

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