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History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
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Establishes a tax credit for personal property replacement as a result of bedbug infestation
In Assembly Committee · Ways And Means · Sponsor Linda Rosenthal
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3041
Title of bill
An act to amend the tax law, in relation to establishing a tax credit for personal property replacement as a result of bedbug infestation
Purpose or general idea of bill
The purpose of this legislation is to offer a 15% tax credit towards the replacement of personal property destroyed by bedbugs up to $750.
Summary of specific provisions
The bill will amend section 606 of the tax law to add subsection uu:
1. Allowing an individual to receive a credit against the personal tax imposed by this article equal to fifteen percent of qualified personal property replacement expenditures and not to exceed $750.
2a. The term "qualified personal property replacement expenditures" means expenditures made for the replacement of personal property due to bedbug damage.
b. Such qualified expenditures shall include but not be limited to furniture, rugs or other home goods that may be damaged by bedbug infestation.
c. Such qualified personal property replacement expenditures shall not include interest or other finance charges.
3. certification for credit allowance. The commissioner shall determine the procedure for certification for the credit authorized pursuant to this subsection.
Justification
The recent bedbug epidemic has brought legitimate suffering to New Yorkers statewide. Victims have contracted bedbugs from neighbors, hotel stays and a variety of other means. In addition to social stigma, the afflicted have experienced economic hardship as a result of the loss of furniture, bedding, clothing and other belongings that must be discarded during the extermination process. Bedbug infestations are not covered by most varieties of renters or homeowners insurance and this bill would offer a modest tax credit to assist affected New Yorkers.
Prior legislative history
2010: S.7065 (Duane), Died in Investigations and Gov't Ops; A.1008 (Rosenthal), Died in Ways and Means.
Fiscal implications
Undetermined.
Effective date
This act shall take effect immediately and shall apply to taxable years beginning on and after the first of January next succeeding the date on which it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.