What's happening
This bill creates a tax credit of up to $500 for New Yorkers who purchase assistive technology devices for individuals with disabilities.
Why it matters
Reduces financial barriers for people with disabilities and their families. by directly offsetting the cost of assistive technology (such as wheelchairs, communication devices, or adaptive tools), making these essential items more affordable.
Broadens the definition of eligible technology. to include any equipment—commercial, modified, or custom—that improves functional abilities, ensuring a wide range of supports can qualify for the credit.
Enables unused credits to be carried forward to future tax years. , which helps those with lower annual tax liability still benefit fully from the program over time.
Applies retroactively to purchases made since the start of 2020. , potentially offering immediate relief for qualifying past expenses, not just new purchases.
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
Assistive Tech Tax Credit
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to ways and means
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
10235
IN ASSEMBLY
March 27, 2020
Introduced by M. of A. RAMOS -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to providing a tax credit for the purchase of assistive technology devices
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 (kkk) to read as follows:
(kkk) Credit for purchase of assistive technology devices. (1) Allowance of credit. A taxpayer shall be allowed a credit, to be computed as provided in this subsection, against the tax imposed by this article. The amount of credit shall equal the amount paid by the taxpayer during the taxable year, up to five hundred dollars, for the purchase of any assistive technology device.
(2) Definition. For the purposes of this subsection, "assistive technology device" shall mean any item, piece of equipment, or product system, whether acquired commercially off the shelf, modified, or customized, that is used to increase, maintain, or improve functional capabilities of individuals with disabilities.
(3) When credit allowed. The credit provided herein shall be allowed with respect to the taxable year commencing in which the assistive technology is purchased.
(4) Carryover credit. If the amount of credit allowable under this subsection shall exceed the taxpayer's tax for such year, the excess may be carried over to the following year or years and may be deducted from the taxpayer's tax for such year or years.
§ 2. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2020.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15480-01-0
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.