Bill Text: NJ S1264 | 2010-2011 | Regular Session | Introduced
Bill Title: Provides for State income tax deduction to private well owners for water testing costs.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-02-08 - Introduced in the Senate, Referred to Senate Environment and Energy Committee [S1264 Detail]
Download: New_Jersey-2010-S1264-Introduced.html
Sponsored by:
Senator FRED H. MADDEN, JR.
District 4 (Camden and Gloucester)
SYNOPSIS
Provides for State income tax deduction to private well owners for water testing costs.
CURRENT VERSION OF TEXT
As introduced.
An Act establishing a State income tax deduction for the cost of water tests for private well owners, 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 $500.00. The deduction provided by this act shall be allowed only for amounts paid to a laboratory certified by the Department of Environmental Protection to test for drinking water contaminants at the tap, and 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 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.
STATEMENT
This bill would provide private well owners with a State income tax deduction of up to $500 no more than once every five years for monies spent for the testing of that water supply at the tap. The bill would provide that the deduction shall be allowed only for amounts paid to a laboratory certified by the Department of Environmental Protection to test for drinking water contaminants, and only if the results to the test are submitted to the department. A taxpayer shall be eligible for this deduction no more than once every five years.
