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
No co-sponsors yet.
History
- Reported and committed to finance
- Print number 6797a
- Amend and recommit 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.
Provides a tax credit for the purchase and installation of a security system
In Assembly Committee · Ways And Means · Sponsor Michael DenDekker
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6797A
Title of bill
An act to amend the tax law, in relation to providing a tax credit for the purchase and installation of a security system
Purpose
The purpose of the bill is to establish a tax credit for home owners or businesses that install security systems.
Summary of provisions
Section 210 of the tax law will be amended by adding a new subdivision that will include a tax credit up to five hundred dollars if residents purchase and install surveillance systems. The act requires residents to register their system with the division of homeland security and emergency services.
Justification
This act will provide residents with a greater incentive to not only purchase and install security systems, but also register their systems. With the registration, homeland security and emergency services will be able to detect crimes within the area. The registry will also keep track of how many people have security systems in a given area. This act will promote safety with an increase in equipment that will detect intrusion, break-in, movement, sound or fire. Taxpayers will not be allowed a tax credit under this subdivision if they have previously received such credit.
Prior legislative history
New bill.
Fiscal implications
None.
Effective date
This act shall take effect immediately and shall apply to taxable years commencing on or after January 1, 2013.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.