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A1000Assembly2019-2020 Session

Tax Credit for Bedbug Loss

Official title

“Establishes a tax credit for personal property replacement as a result of bedbug infestation”

Sponsor Linda RosenthalAD-67+4 co-sponsorsAffects Finance
Status
In Assembly Committee
Ways And Means
Impact
5/10
Moderate
Passage
0%

Bill progress

Step 2 of 7

In committee · Ways And Means

What's happening

This bill creates a tax credit for individuals to offset costs of replacing personal property damaged by bedbug infestations.

Why it matters

  1. Helps individuals recover from bedbug infestations. by reducing the financial burden of replacing items like furniture and rugs, which often aren’t covered by insurance or landlord responsibility, especially for renters and lower-income households.

  2. Limits the benefit to necessary, verifiable expenses. the credit only applies to actual purchases made to replace personal property damaged by bedbugs, and does not cover finance charges or interest, ensuring the measure targets genuine need.

  3. Requires state oversight for claims. , as the tax commissioner will set up procedures for certifying eligible expenses, potentially deterring fraud and ensuring public funds are used appropriately for those truly affected by infestations.

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Who cares

Headline styles

Tax Credit for Bedbug Loss

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

Sponsors

Primary sponsor
Linda Rosenthal

Assembly Member · Assembly District 67

History

  1. Referred to ways and means
  2. Referred to ways and means

Full text

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

STATE OF NEW YORK

1000

2019-2020 Regular Sessions

IN ASSEMBLY

January 14, 2019

Introduced by M. of A. L. ROSENTHAL, TITUS, RIVERA, PERRY, COLTON -- Multi-Sponsored by -- M. of A. CRESPO, GLICK, JAFFEE -- read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to establishing a tax credit for personal property replacement as a result of bedbug infestation

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

Section 1. Section 606 of the tax law is amended by adding a new subsection (jjj) to read as follows:

(jjj) Personal property replacement credit. (1) General. An individual taxpayer shall be allowed a credit against the tax imposed by this article equal to fifteen percent of qualified personal property replacement expenditures, and not to exceed seven hundred fifty dollars.

(2) Qualified personal property replacement expenditures. (A) 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.

§ 2. 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.

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

[ ] is old law to be omitted.

LBD02644-01-9

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.