Bill Text: NJ A624 | 2010-2011 | Regular Session | Amended

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Bill Title: Provides for State income tax deduction to private well owners for water testing costs.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2010-05-13 - Reported out of Asm. Comm. with Amendments, and Referred to Assembly Appropriations Committee [A624 Detail]

Download: New_Jersey-2010-A624-Amended.html

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[First Reprint]

ASSEMBLY, No. 624

STATE OF NEW JERSEY

214th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2010 SESSION

 

 

Sponsored by:

Assemblyman  PAUL D. MORIARTY

District 4 (Camden and Gloucester)

Assemblywoman  CELESTE M. RILEY

District 3 (Salem, Cumberland and Gloucester)

 

Co-Sponsored by:

Assemblywoman Lampitt

 

 

 

 

SYNOPSIS

     Provides for State income tax deduction to private well owners for water testing costs.

 

CURRENT VERSION OF TEXT

     As reported by the Assembly Environment and Solid Waste Committee on May 13, 2010, with amendments.

  

An Act establishing a State income tax deduction for ¹[the cost] certain costs¹ of water tests for private ¹[well owners] wells¹ , and supplementing chapter 3 of Title 54A of the New Jersey Statutes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    a.  A taxpayer may deduct from the taxpayer's gross income an amount equal to the amount paid during the taxable year for the testing of private wells owned by the taxpayer, up to ¹[$500.00] $500¹ .  The deduction provided by this act shall be allowed ¹: (1)¹ only for amounts paid to a laboratory certified by the Department of Environmental Protection ¹pursuant to paragraph (4) of subsection c. of section 4 of P.L.1977, c.224 (C.58:12A-4)¹ to test for drinking water contaminants at the tap, and ¹(2)¹ only if the results of the test are submitted to the Department of Environmental Protection pursuant to section 5 of P.L.2001, c.40 (C.58:12A-30). 

     A taxpayer shall be eligible for the deduction provided for in this act no more than once every five years.

     b.    The Director of the Division of Taxation, in consultation with the Department of Environmental Protection, shall adopt ¹, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.),¹ any rules and regulations necessary to implement the provisions of this act.

 

     2.    This act shall take effect immediately and apply to taxable years commencing on or after January 1 next following enactment.