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A6288Assembly2017-2018 Session

Tax Credit for Smoke Alarms

Official title

“Enacts "Averyana's law" to provide a tax credit for the installation of certain smoke alarms”

Sponsor Gary FinchAD-126+1 co-sponsorAffects Finance
Status
In Assembly Committee
Ways And Means
Impact
6/10
Moderate
Passage
0%

Bill progress

Step 2 of 7

In committee · Ways And Means

What's happening

Averyana's Law creates a tax credit for New York homeowners who install photoelectric smoke alarms in their residences.

Why it matters

  1. Encourages Home Fire Safety Upgrades. By offering a tax credit for installing photoelectric smoke alarms, the law incentivizes homeowners to upgrade to more effective fire detection technology, which can better detect smoldering fires and potentially save lives.

  2. Promotes Broader Adoption of Advanced Detectors. The credit covers not just standalone photoelectric alarms, but also combination devices (like photoelectric/ionization and photoelectric/carbon monoxide detectors), which can increase comprehensive home safety.

  3. Direct Financial Relief for Homeowners. The measure directly offsets the upfront cost of purchasing and installing these alarms, making it easier for residents to afford important safety improvements without financial strain.

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Who cares

Headline styles

Tax Credit for Smoke Alarms

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Gary Finch

Assembly Member · Assembly District 126

1 Co-sponsor

History

  1. Held for consideration in ways and means
  2. Referred to ways and means
  3. Referred to ways and means

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

6288

2017-2018 Regular Sessions

IN ASSEMBLY

March 2, 2017

Introduced by M. of A. FINCH -- read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to enacting "Averyana's law"

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. This act shall be known and may be cited as "Averyana's law".

§ 2. Section 606 of the tax law is amended by adding a new subsection (ccc) to read as follows:

(ccc) Credit for installation of smoke alarms. Any resident owner of real property as defined in section one hundred two of the real property tax law shall be allowed a credit against the tax otherwise imposed under this article in an amount equal to the cost of purchasing and installing certain smoke alarms which incorporate photoelectric technology, including, but not limited to, photoelectric detectors; dual photoelectric/ionization detectors; and photoelectric/carbon monoxide detectors in his or her residence.

§ 3. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2017.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD00782-01-7

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.