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NY A01006

Bill

Official Source

Status

Introduced

1/9/2013

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Allows taxpayers a tax credit equal to 50% of the cost to purchase and install a seat belt violation alert system, capped at $250 per system
  • Defines a seat belt violation alert system as a device that signals police officers via an external electronic indicator when a vehicle occupant fails to properly secure their safety belt
  • Applies the credit against both personal income tax (under Tax Law Section 210) and corporate franchise tax (under Tax Law Section 606)
  • Credit is claimed during the taxable year of purchase and installation
  • Takes effect January 1 following the date the bill becomes law

Legislative Description

Establishes a credit for purchase and installation of a seat belt violation alert system.

Last Action

held for consideration in ways and means

6/17/2014

Committee Referrals

Ways and Means1/9/2013

Full Bill Text

No bill text available