What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
3 Co-sponsors
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to granting a deduction in personal income tax for the expense of purchasing a fire extinguisher
Purpose
To provide homeowners an incentive to purchase and maintain fire extinguishers in their homes.
Summary of provisions
Adds a new paragraph 5 to section 615 of the tax law permitting deductions for the purchase of a fire extinguisher every three years.
Existing law
None.
Justification
An incentive to make sure that homes are equipped with an up-to-date fire extinguisher can help prevent household fires. This incentive may mean the difference between someone having a small household problem instead of becoming homeless due to a fire. Providing incentives for homeowners to improve fire safety is not a new idea and has been supported by firefighters and insurance companies.
Legislative history
S.4823 of 2006 S.2204 of 2007
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2009.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.