What's happening
This bill creates a tax credit for individuals to help cover the cost of replacing personal property damaged by bedbug infestations.
Why it matters
Provides financial relief to individuals who suffer property loss from bedbug infestations. , addressing a common but often under-recognized burden, especially for renters and low-income households who may struggle to replace essential items.
Targets a specific public health and housing issue by incentivizing timely replacement of infested personal items. (like furniture and rugs), which can help reduce the spread and recurrence of bedbug problems within homes and communities.
Sets clear boundaries on what counts as a qualified expense (excluding finance charges and focusing on actual replacement costs). , ensuring that the credit is used directly to restore lost property rather than to subsidize borrowing or unrelated expenses.
Requires a certification process, likely involving documentation of both the infestation and the purchases. , which could help prevent fraud but may also add administrative steps for claimants and the state.
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Who cares
Headline styles
Tax Credit for Bedbug Losses
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
1 Multi-sponsor
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
1850
2025-2026 Regular Sessions
IN ASSEMBLY
January 14, 2025
Introduced by M. of A. ROSENTHAL, COLTON, ZINERMAN -- Multi-Sponsored by -- M. of A. GLICK -- 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 (bbb) to read as follows:
(bbb) 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.
LBD04871-01-5
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.