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NY A01943

Bill

Official Source

Status

Introduced

1/9/2013

Primary Sponsor

Earlene Hooper

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends Tax Law Section 615 to allow a personal income tax deduction for home security expenses
  • Deduction limited to $500 aggregate amount per taxpayer
  • Applies only to owner-occupants of one, two, or three family homes
  • Covers exterior lighting, burglar alarms, fire alarms, and fire sprinkler systems
  • Takes effect immediately upon enactment

Legislative Description

Permits a state income tax deduction for home security devices, including but not limited to exterior lighting, burglar and fire alarms and sprinkler systems installed by the owner occupant of a one, two or three family home for an amount not to exceed $500.

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