Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 17, 2016 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1990 committee discharged and committed to rules |
Jun 08, 2016 |
print number 6937a |
Jun 08, 2016 |
amend (t) and recommit to finance |
Apr 05, 2016 |
reported and committed to finance |
Mar 08, 2016 |
referred to investigations and government operations |
Senate Bill S6937A
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2015-S6937 - Details
2015-S6937 - Sponsor Memo
BILL NUMBER: S6937 TITLE OF BILL : An act to amend the tax law, in relation to establishment of a credit for the purchase and installation of a security camera system on residential-, commercial- and non-profit owned properties located in cities having a population of one million or more persons PURPOSE : This bill will establish a one-time tax credit for purchase and installation of a security system in residential and commercial properties. SUMMARY OF PROVISIONS : Section one of this bill amends section 42 of the tax law by adding a new section allowing residential and commercial property owners a one-time five hundred dollar credit against taxes for the purchase and installation of a qualified security camera system on a property. The credit will be allowed in the taxable year in which the system is installed. Section two of this bill amends section 606 of the tax law allowing a one-time tax credit to homeowners who purchase and install a security
2015-S6937 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6937 I N S E N A T E March 8, 2016 ___________ Introduced by Sen. GOLDEN -- 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 establishment of a credit for the purchase and installation of a security camera system on resi- dential-, commercial- and non-profit owned properties located in cities having a population of one million or more persons THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 42 to read as follows: S 42. CREDIT FOR PURCHASE AND INSTALLATION OF A SECURITY CAMERA SYSTEM ON PROPERTY LOCATED IN CITIES WITH A POPULATION OF ONE MILLION OR MORE PERSONS. (A) ALLOWANCE OF CREDIT. IN CITIES WITH A POPULATION OF ONE MILLION OR MORE, A PROPERTY OWNER WHO IS SUBJECT TO TAX UNDER ARTICLES NINE, NINE-A, TWENTY-TWO, THIRTY-TWO OR THIRTY-THREE OF THIS CHAPTER, SHALL BE ALLOWED A ONE-TIME CREDIT AGAINST SUCH TAX FOR THE PURCHASE AND INSTALLATION OF A QUALIFIED SECURITY CAMERA SYSTEM ON A PROPERTY. THE AMOUNT OF SUCH CREDIT SHALL BE FIVE HUNDRED DOLLARS. THE CREDIT SHALL BE ALLOWABLE FOR OWNERS OF RESIDENTIAL OR COMMERCIAL PROPERTIES AND FOR PROPERTY OWNERS INCORPORATED PURSUANT TO THE TERMS OF THE NOT-FOR-PROFIT CORPORATION LAW. A PROPERTY OWNER CLAIMING A CREDIT AGAINST TAX AS PROVIDED IN THIS SECTION MAY CLAIM IT AGAINST TAX OWED UNDER ONLY ONE ARTICLE OF THIS CHAPTER. (B) DEFINITIONS. THE TERM "QUALIFIED SECURITY CAMERA SYSTEM" MEANS EXPENDITURES FOR THE PURCHASE OF A CAMERA SYSTEM, MATERIALS AND LABOR COSTS PROPERLY ALLOCABLE TO ON-SITE PREPARATION, ASSEMBLY AND ORIGINAL INSTALLATION. SUCH CAMERA SYSTEM SHALL BE CAPABLE OF RECORDING AND STOR- ING CAMERA FOOTAGE FOR UP TO FORTY-EIGHT HOURS. (C) WHEN CREDIT ALLOWED. THE CREDIT PROVIDED FOR HEREIN SHALL BE ALLOWED WITH RESPECT TO THE TAXABLE YEAR COMMENCING IN WHICH THE SECURI- TY CAMERA SYSTEM IS INSTALLED. (D) CARRYOVER OF CREDIT. IF THE AMOUNT OF THE CREDIT, AND CARRYOVERS OF SUCH CREDIT, ALLOWABLE UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2015-S6937A (ACTIVE) - Details
2015-S6937A (ACTIVE) - Sponsor Memo
BILL NUMBER: S6937A TITLE OF BILL : An act to amend the tax law, in relation to establishment of a credit for the purchase and installation of a security camera system on residential-, commercial- and non-profit owned properties PURPOSE : This bill will establish a one-time tax credit for purchase and installation of a security system in residential and commercial properties. SUMMARY OF PROVISIONS : Section one of this bill amends section 42 of the tax law by adding a new section allowing residential and commercial property owners a onetime five hundred dollar credit against taxes for the purchase and installation of a qualified security camera system on a property. The credit will be allowed in the taxable year in which the system is installed. Section two of this bill amends section 606 of the tax law allowing a one-time tax credit to homeowners who purchase and install a security camera system on a residential property. If the amount of the credit exceeds the taxpayer's tax for the year, the excess may be carried
2015-S6937A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6937--A I N S E N A T E March 8, 2016 ___________ Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- reported favorably from said committee and commit- ted to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to establishment of a credit for the purchase and installation of a security camera system on resi- dential-, commercial- and non-profit owned properties THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 43 to read as follows: S 43. CREDIT FOR PURCHASE AND INSTALLATION OF A SECURITY CAMERA SYSTEM ON PROPERTY LOCATED IN NEW YORK STATE. (A) ALLOWANCE OF CREDIT. A PROPERTY OWNER WHO IS SUBJECT TO TAX UNDER ARTICLES NINE, NINE-A, TWEN- TY-TWO, THIRTY-TWO OR THIRTY-THREE OF THIS CHAPTER, SHALL BE ALLOWED A ONE-TIME CREDIT AGAINST SUCH TAX FOR THE PURCHASE AND INSTALLATION OF A QUALIFIED SECURITY CAMERA SYSTEM ON A PROPERTY LOCATED IN NEW YORK STATE. THE AMOUNT OF SUCH CREDIT SHALL BE FIVE HUNDRED DOLLARS. THE CREDIT SHALL BE ALLOWABLE FOR OWNERS OF RESIDENTIAL OR COMMERCIAL PROP- ERTIES AND FOR PROPERTY OWNERS INCORPORATED PURSUANT TO THE TERMS OF THE NOT-FOR-PROFIT CORPORATION LAW. A PROPERTY OWNER CLAIMING A CREDIT AGAINST TAX AS PROVIDED IN THIS SECTION MAY CLAIM IT AGAINST TAX OWED UNDER ONLY ONE ARTICLE OF THIS CHAPTER. (B) DEFINITIONS. THE TERM "QUALIFIED SECURITY CAMERA SYSTEM" MEANS EXPENDITURES FOR THE PURCHASE OF A CAMERA SYSTEM, MATERIALS AND LABOR COSTS PROPERLY ALLOCABLE TO ON-SITE PREPARATION, ASSEMBLY AND ORIGINAL INSTALLATION. SUCH CAMERA SYSTEM SHALL BE CAPABLE OF RECORDING AND STOR- ING CAMERA FOOTAGE FOR UP TO FORTY-EIGHT HOURS. (C) WHEN CREDIT ALLOWED. THE CREDIT PROVIDED FOR HEREIN SHALL BE ALLOWED WITH RESPECT TO THE TAXABLE YEAR COMMENCING IN WHICH THE SECURI- TY CAMERA SYSTEM IS INSTALLED. (D) CARRYOVER OF CREDIT. IF THE AMOUNT OF THE CREDIT, AND CARRYOVERS OF SUCH CREDIT, ALLOWABLE UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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