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NY A05672

Bill

Official Source

Status

Introduced

3/3/2015

Primary Sponsor

Gary Finch

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Allows resident owners of real property to claim a tax credit against New York State tax in an amount equal to the cost of purchasing and installing photoelectric smoke alarms in their residence
  • Eligible smoke alarms include photoelectric detectors, dual photoelectric/ionization detectors, and photoelectric/carbon monoxide detectors
  • Credit is available to taxpayers as defined under the real property tax law
  • Takes effect immediately and applies to taxable years beginning on or after January 1, 2015
  • Known as "Averyana's law"

Legislative Description

Enacts "Averyana's law"; provides a tax credit for the purchase and installation of certain smoke alarms which incorporate photoelectric technology including but not limited to: photoelectric detectors; dual photoelectric/ionization detectors; and photoelectric/carbon monoxide detectors.

Last Action

held for consideration in ways and means

6/15/2016

Committee Referrals

Ways and Means3/3/2015

Full Bill Text

No bill text available