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NY S06937
Bill
Status
6/17/2016
Primary Sponsor
Martin Golden
Click for details
AI Summary
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Establishes a one-time $500 tax credit for property owners who purchase and install a qualified security camera system on New York State property.
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Credit applies to owners of residential properties, commercial properties, and not-for-profit organizations subject to tax under articles 9, 9-A, 22, 32, or 33 of the tax law.
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Qualified security camera system includes expenditures for camera purchase, materials, and labor costs for installation, with capability to record and store footage for up to 48 hours.
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Unused credit amounts may be carried over to the next five taxable years following the year the system is installed and applied against future tax liability.
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Takes effect January 1, 2017, or immediately upon enactment if signed after that date.
Legislative Description
Establishes a tax credit for the purchase and installation of a security camera system on residential, commercial and non-profit owned properties.
Last Action
referred to ways and means
6/17/2016