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Sponsors
3 Co-sponsors
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Increases the amount of a tax credit for automated external defibrillators
In Assembly Committee · Ways And Means · Sponsor Rory Lancman
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 increasing the amount of a tax credit for automated external defibrillators
Purpose or general idea of bill
To encourage businesses to purchase automated external defibrillators by increasing the tax credit for the purchase of such a unit.
Summary of specific provisions
This bill amends subdivision 25 of section 210 of the tax law, as added by section 1 of part J of chapter 407 of the laws of 1999.
Justification
Heart attacks are one of the nation's leading causes of death. Approximately 250,000 people die from sudden cardiac arrest every year. The odds of surviving such an attack in New York City are less than 2%. Every minute that passes without defibrillation reduces a victim's chance of survival by 10%. The key to survival is the speed of the response.
Automated external defibrillators greatly increase a heart attack victim's chance of survival. The American Heart Association estimates that as many as 100,000 deaths could be prevented each year through the widespread deployment of defibrillators.
Seconds are critical when an individual suffers a heart attack. It is essential that the State encourage businesses to invest in life saving equipment. Increasing the tax credit would motivate businesses to purchase automated external defibrillators.
In recent years the Legislature has enacted laws to expand the availability of automated external defibrillators. Specifically, in 1999, the Legislature approved a $500 tax credit against the tax imposed for the purchase of an automated external defibrillator. This legislation would increase that tax credit to $1,500 in order to encourage more businesses to purchase a life saving defibrillator.
Legislative history
S.2186 of 2008 same as A.5149 Lancman
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.