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NY A02423
Bill
Status
Introduced
1/15/2013
Primary Sponsor
Marcos Crespo
Click for details
AI Summary
- Allows a one-time tax credit of 75 percent of expenditures for purchasing and installing qualified security camera systems in convenience stores and bodegas, with a maximum credit of $1,500
- Applies to corporations and sole proprietors operating convenience stores in cities with populations of 150,000 or more that are subject to New York tax under Articles 9 or 22
- Qualified expenditures include camera system purchase, materials, and labor costs for on-site preparation, assembly, and original installation, but exclude interest and finance charges
- Credit is allowed in the taxable year when the security camera system is installed and any unused credit may be carried forward for up to five subsequent taxable years
- Effective date is January 1, 2014
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
6/17/2014
Committee Referrals
Ways and Means1/15/2013
Full Bill Text
No bill text available