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
Direct financial relief for individuals and families. By enabling a tax credit up to $500, the bill can help offset the often high out-of-pocket costs associated with purchasing assistive technology, making these devices more accessible to those who need them.
Broad eligibility for a wide range of technologies. The definition of “assistive technology device” is intentionally broad, covering off-the-shelf, modified, or custom equipment, which means the credit can apply to a diverse array of products (from communication devices to mobility aids).
Potential for ongoing benefit. If the credit exceeds an individual’s tax liability for the year, the unused portion can be carried forward to future years, ensuring that taxpayers can fully benefit from the credit even if their immediate tax liability is low.
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Who cares
Headline styles
Tax Credit for Assistive Tech
Plain English, a few words. Used as the page title.
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History
- Referred to ways and means
- Referred to ways and means
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1170
2025-2026 Regular Sessions
IN ASSEMBLY
January 9, 2025
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 (qqq) to read as follows:
(qqq) 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, 2025.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02373-01-5
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.