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NY A05479
Bill
Status
2/19/2021
Primary Sponsor
John Lemondes
Click for details
AI Summary
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Allows resident owners of real property to claim a tax credit against New York State income tax for the cost of purchasing and installing certain smoke alarms in their residences
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Eligible smoke alarms must incorporate photoelectric technology, including photoelectric detectors, dual photoelectric/ionization detectors, and photoelectric/carbon monoxide detectors
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Tax credit amount equals the actual cost of purchasing and installing qualifying smoke alarms
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Applies to taxable years beginning on or after January 1, 2021
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Takes effect immediately upon enactment
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
6/1/2022