NY S02829

Allows taxpayers a 30% tax credit for installation costs of qualified accessibility improvements at their primary residence, effective for tax years beginning January 1, 2019.

Qualified improvements include no-step entrances, interior doors with 32-inch openings, bathroom grab bar reinforcements, and accessible light switches and outlets.

Limits lifetime credit to $5,000 per dwelling, with excess credits carried forward to subsequent tax years.

Reduces credit proportionally if taxpayer occupies dwelling as primary residence for only part of the tax year; applies only to residential portions of mixed-use buildings.

Caps aggregate credits at $1 million per year allocated by the Department of Taxation and Finance on a first-come, first-served basis, with unused allocations carried forward to the next year.