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NY S09227
Bill
Status
Introduced
2/18/2026
Primary Sponsor
Joseph Addabbo
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AI Summary
- Establishes a tax credit of 25% of the cost (up to $5,000 maximum) for resident homeowners who remove cock loft fire hazards, with excess credits refundable
- Defines "cock loft" as a completely enclosed space between rafters and a suspended ceiling
- Requires the Superintendent of Insurance to provide actuarially appropriate reductions in fire insurance or homeowners insurance premiums for homes with smoke detectors installed in cock lofts
- Mandates state housing agencies (including NYSERDA, Division of Housing and Community Renewal, and SONYMA) to include cock loft repairs for fire prevention as qualifying expenditures under their programs
- Takes effect immediately, with tax credit provisions applying to taxable years beginning on or after January 1, 2027
Legislative Description
Enacts the residential structure fire prevention act; provides a tax credit to homeowners who remove cock loft fire hazards in their homes; provides an insurance discount for the installation of smoke detecting alarm devices in cock lofts; provides that the repair of cock lofts for the purpose of fire prevention and safety shall be qualifying expenditures under state housing programs.
Last Action
REFERRED TO BUDGET AND REVENUE
2/18/2026
Committee Referrals
Budget and Revenue2/18/2026
Full Bill Text
No bill text available