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NY A08346
Bill
Status
Introduced
6/14/2011
Primary Sponsor
Marcos Crespo
Click for details
AI Summary
- Allows a one-time tax credit for corporations and sole proprietors operating convenience stores or bodegas in cities with populations of 150,000 or more that purchase and install qualified security camera systems
- Credit equals 75 percent of expenditures for camera system purchase, materials, and labor costs for installation, with a maximum credit of $1,500
- Qualified expenditures include only the camera system, materials, and on-site installation labor, excluding interest and finance charges
- Allows carryover of unused credit amounts to the five taxable years following the year in which the credit is claimed if it exceeds the taxpayer's tax liability for that year
- Takes effect January 1, 2012
Legislative Description
Establishes a one-time tax credit for purchase and installation of a security camera system in convenience stores located in cities with a population of one hundred fifty thousand or more.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means6/14/2011
Full Bill Text
No bill text available