| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 29, 2014 |
print number 1573a |
| Jan 29, 2014 |
amend and recommit to investigations and government operations |
| Jan 08, 2014 |
referred to investigations and government operations |
| Jan 09, 2013 |
referred to investigations and government operations |
Senate Bill S1573A
2013-2014 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
Bill Amendments
2013-S1573 - Details
2013-S1573 - Sponsor Memo
BILL NUMBER:S1573
TITLE OF BILL:
An act
to amend the tax law, in relation to creating a disabled person retrofit
tax credit
PURPOSE:
To provide an incentive for owners of residential buildings to
retrofit homes for access to the disabled.
SUMMARY OF PROVISIONS:
Section One of the bill amends Section 606 of the tax law to allow a
taxpayer a tax credit to be equal to thirty percent, with a maximum
of $5,000 dollars, of the cost of expenditures for retrofitting a
home for disabled access- Qualified improvements include:
*A no-step entrance or entrance allowing access to the residence;
*Interior passage doors providing at least thirty-two in wide opening;
*Reinforcements in bathroom walls allowing installation of grab bars
around the toilet, tub and shower; and
*Light switches and outlets Placed in locations accessible to disabled
2013-S1573 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
1573
2013-2014 Regular Sessions
I N S E N A T E
(PREFILED)
January 9, 2013
___________
Introduced by Sen. PARKER -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law, in relation to creating a disabled person
retrofit tax credit
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 606 of the tax law is amended by adding a new
subsection (aaa) to read as follows:
(AAA) DISABLED PERSON RETROFIT TAX CREDIT. (1) FOR TAXABLE YEARS
BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN, A TAXPAYER
SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED,
AGAINST THE TAX IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL
BE EQUAL TO THIRTY PERCENT OF THE COST OF THE EXPENDITURES MADE BY THE
TAXPAYER WITH RESPECT TO THE INSTALLATION OF QUALIFIED IMPROVEMENTS AT A
DWELLING OCCUPIED BY THE TAXPAYER AS HIS OR HER PRIMARY RESIDENCE AND
MAY BE ALLOWED IN THE TAXABLE YEAR IN WHICH THE EXPENDITURE IS INCURRED;
PROVIDED THAT THE LIFETIME CREDIT ALLOWABLE WITH REGARD TO EXPENDITURES
FOR THE INSTALLATION OF QUALIFIED IMPROVEMENTS AT A PARTICULAR DWELLING
BY ANY TAXPAYER SHALL NOT EXCEED FIVE THOUSAND DOLLARS IN THE AGGREGATE
FOR IMPROVEMENTS MADE TO THAT DWELLING. SUBJECT TO THE PROVISIONS OF
THIS SUBSECTION, A TAXPAYER SHALL BE ALLOWED A CREDIT, NOT TO EXCEED
FIVE THOUSAND DOLLARS IN THE AGGREGATE, FOR EACH DWELLING THAT THE
TAXPAYER OCCUPIES AS HIS OR HER PRIMARY RESIDENCE AND AT WHICH THE
TAXPAYER INSTALLS QUALIFIED IMPROVEMENTS.
(2) AS USED IN THIS SUBSECTION "QUALIFIED IMPROVEMENTS" MEANS THE
INSTALLATION OF:
(A) A NO-STEP ENTRANCE OR ENTRANCES ALLOWING ACCESS INTO THE RESI-
DENCE;
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02912-01-3
2013-S1573A (ACTIVE) - Details
2013-S1573A (ACTIVE) - Sponsor Memo
BILL NUMBER:S1573A
TITLE OF BILL: An act to amend the tax law, in relation to creating a
disabled person retrofit tax credit
PURPOSE: To provide an incentive for owners of residential buildings
to retrofit homes for access to the disabled.
SUMMARY OF PROVISIONS:
Section One of the bill amends Section 606 of the tax law to allow a
taxpayer a tax credit to be equal to thirty percent, with a maximum of
$5,000 dollars, of the cost of expenditures for retrofitting a home
for disabled access- Qualified improvements include:
*A no-step entrance or entrance allowing access to the residence;
*Interior passage doors providing at least thirty-two in wide opening;
*Reinforcements in bathroom walls allowing installation of grab bars
around the toilet, tub and shower; and
*Light switches and outlets Placed in locations accessible to disabled
Persons.
EXISTING LAW: None.
2013-S1573A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
1573--A
2013-2014 Regular Sessions
I N S E N A T E
(PREFILED)
January 9, 2013
___________
Introduced by Sen. PARKER -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations -- recommitted to the Committee on Investigations and
Government Operations in accordance with Senate Rule 6, sec. 8 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the tax law, in relation to creating a disabled person
retrofit tax credit
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 606 of the tax law is amended by adding a new
subsection (bbb) to read as follows:
(BBB) DISABLED PERSON RETROFIT TAX CREDIT. (1) FOR TAXABLE YEARS
BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND FIFTEEN, A TAXPAYER
SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED,
AGAINST THE TAX IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL
BE EQUAL TO THIRTY PERCENT OF THE COST OF THE EXPENDITURES MADE BY THE
TAXPAYER WITH RESPECT TO THE INSTALLATION OF QUALIFIED IMPROVEMENTS AT A
DWELLING OCCUPIED BY THE TAXPAYER AS HIS OR HER PRIMARY RESIDENCE AND
MAY BE ALLOWED IN THE TAXABLE YEAR IN WHICH THE EXPENDITURE IS INCURRED;
PROVIDED THAT THE LIFETIME CREDIT ALLOWABLE WITH REGARD TO EXPENDITURES
FOR THE INSTALLATION OF QUALIFIED IMPROVEMENTS AT A PARTICULAR DWELLING
BY ANY TAXPAYER SHALL NOT EXCEED FIVE THOUSAND DOLLARS IN THE AGGREGATE
FOR IMPROVEMENTS MADE TO THAT DWELLING. SUBJECT TO THE PROVISIONS OF
THIS SUBSECTION, A TAXPAYER SHALL BE ALLOWED A CREDIT, NOT TO EXCEED
FIVE THOUSAND DOLLARS IN THE AGGREGATE, FOR EACH DWELLING THAT THE
TAXPAYER OCCUPIES AS HIS OR HER PRIMARY RESIDENCE AND AT WHICH THE
TAXPAYER INSTALLS QUALIFIED IMPROVEMENTS.
(2) AS USED IN THIS SUBSECTION "QUALIFIED IMPROVEMENTS" MEANS THE
INSTALLATION OF:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
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