What's happening
This bill creates a tax credit covering 50% of the cost to install wheelchair ramps, stair lifts, and similar equipment in homes.
Why it matters
Reduces out-of-pocket costs for accessibility improvements. By covering half the expense, the bill can make costly home modifications (like ramps and lifts) feasible for more people, potentially allowing seniors and people with disabilities to live safely at home longer.
Broadens eligibility and impact. The credit applies even if the cost exceeds the taxpayer's liability, since any unused portion is refunded (though without interest). This ensures low- and middle-income households still benefit, not just those with large tax bills.
Promotes independent living and aging in place. Encouraging the installation of equipment such as wheelchair ramps and lifts supports personal autonomy, can reduce the need for institutional care, and may help families avoid more disruptive or expensive housing moves.
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
Tax Credit for Medical Equipment
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to ways and means
- Referred to ways and means
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.
Tax Credit for Accessibility Upgrades
In Senate Committee · Budget And Revenue · Sponsor Joseph A. Griffo
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3927
2019-2020 Regular Sessions
IN ASSEMBLY
January 31, 2019
Introduced by M. of A. WEPRIN -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to providing tax credits for installing wheelchair ramps and stair lifts into a residence
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) Credit for durable medical equipment. (1)(A) A taxpayer shall be allowed a credit against the tax imposed by this article in an amount equal to fifty percent of the cost to purchase and install durable medical equipment in a residence.
(B) For purposes of this subsection, "durable medical equipment" shall mean a wheelchair ramp, stair lift, incline platform lift, vertical platform lift, or bathtub lift.
(2) Application of credit. If the amount of the credit allowed under this subsection for any taxable year exceeds the taxpayer's tax for such year, the excess will be treated as an overpayment of tax to be credited or refunded in accordance with the provisions of section six hundred eighty-six of this article, provided, however, that no interest will be paid thereon.
§ 2. This act shall take effect on January first 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.
LBD08388-01-9
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.