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History
- Print number 1388b
- Amend and recommit to investigations and government operations
- Print number 1388a
- Amend and recommit to investigations and government operations
- 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.
Creates a disabled person retrofit tax credit
In Senate Committee · Investigations And Government Operations · Sponsor David Weprin
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 creating a disabled person retrofit tax credit
Purpose
To provide an incentive for owners of residential buildings to retrofit homes for access to the disabled.
Summary of provisions
Section One of the bill amends Section 606 of the tax law to allow a taxpayer a tax credit to be equal to thirty percent, with a maximum of $5,000 dollars, of the cost of expenditures for retrofitting a home for disabled access- Qualified improvements include:
*A no-step entrance or entrance allowing access to the residence;
*Interior passage doors providing at least thirty-two in wide opening; *Reinforcements in bathroom walls allowing installation of grab bars around the toilet, tub and shower; and
*Light switches and outlets Placed in locations accessible to disabled Persons.
This credit shall be limited to one million dollars per year and will be allocated among tax payers based on the order of the date of filing.
Existing law
None.
Justification
Many homeowners discover that retro-fitting homes to allow better access for the disabled cost prohibitive and be deterred from making the improvements. This legislation would provide a tax credit that is equal to thirty percent of the cost expenditures, up to $5,000 for making qualified improvements.
Legislative history
03/18/15 referred to ways and means 01/06/16 referred to ways and means
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall be deemed to have been in full force and effect on January 1, 2017; Provided further, this act shall apply to all tax years commencing on or after January 1, 2017.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.