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.
              

                                                           LBD13781-04-6

S. 6937                             2

SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, SUCH EXCESS AMOUNT MAY BE
CARRIED  OVER  TO THE FIVE TAXABLE YEARS NEXT FOLLOWING THE TAXABLE YEAR
WITH RESPECT TO WHICH THE CREDIT IS ALLOWED AND MAY BE DEDUCTED FROM THE
TAXPAYER'S TAX FOR SUCH YEAR OR YEARS.
  S  2. Section 606 of the tax law is amended by adding a new subsection
(v) to read as follows:
  (V) CREDIT FOR PURCHASE AND INSTALLATION OF SECURITY CAMERA SYSTEM  ON
RESIDENTIAL  PROPERTY LOCATED IN CITIES WITH A POPULATION OF ONE MILLION
OR MORE. (1) ALLOWANCE OF CREDIT. IN CITIES WITH  A  POPULATION  OF  ONE
MILLION  OR  MORE,  A  TAXPAYER  WHO  IS  A HOMEOWNER SHALL BE ALLOWED A
ONE-TIME CREDIT FOR PURCHASE  AND  INSTALLATION  OF  A  SECURITY  CAMERA
SYSTEM  ON A RESIDENTIAL PROPERTY, TO BE COMPUTED AS PROVIDED IN SECTION
FORTY-TWO OF THIS CHAPTER, AGAINST THE TAX IMPOSED BY THIS ARTICLE.
  (2) CARRYOVER OF CREDIT. IF THE AMOUNT OF THE CREDIT,  AND  CARRYOVERS
OF  SUCH  CREDIT,  ALLOWABLE  UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR
SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, SUCH EXCESS AMOUNT MAY BE
CARRIED OVER TO THE FIVE TAXABLE YEARS NEXT FOLLOWING THE  TAXABLE  YEAR
WITH RESPECT TO WHICH THE CREDIT IS ALLOWED AND MAY BE DEDUCTED FROM THE
TAXPAYER'S TAX FOR SUCH YEAR OR YEARS.
  S  3.  The tax law is amended by adding a new section 187-t to read as
follows:
  S 187-T. CREDIT FOR PURCHASE AND INSTALLATION  OF  A  SECURITY  CAMERA
SYSTEM  ON PROPERTY LOCATED IN CITIES WITH POPULATIONS OF ONE MILLION OR
MORE PERSONS. 1.  ALLOWANCE OF CREDIT. A TAXPAYER  SHALL  BE  ALLOWED  A
CREDIT, TO BE COMPUTED AS PROVIDED IN SECTION FORTY-TWO OF THIS CHAPTER,
AGAINST  THE  TAXES  IMPOSED  BY  SECTIONS ONE HUNDRED EIGHTY-THREE, ONE
HUNDRED  EIGHTY-FOUR  AND  ONE  HUNDRED  EIGHTY-FIVE  OF  THIS  ARTICLE.
PROVIDED,  HOWEVER, THAT THE AMOUNT OF SUCH CREDIT ALLOWABLE AGAINST THE
TAX IMPOSED BY SECTION ONE HUNDRED EIGHTY-FOUR OF THIS ARTICLE SHALL  BE
THE  EXCESS  OF  THE AMOUNT OF SUCH CREDIT OVER THE AMOUNT OF ANY CREDIT
ALLOWED BY THIS SECTION AGAINST THE TAX IMPOSED BY SECTION  ONE  HUNDRED
EIGHTY-THREE OF THIS ARTICLE.
  2.  APPLICATION  OF  CREDIT.  IN  NO EVENT SHALL THE CREDIT UNDER THIS
SECTION BE ALLOWED IN AN AMOUNT WHICH WILL REDUCE  THE  TAX  PAYABLE  TO
LESS THAN THE APPLICABLE MINIMUM TAX FIXED BY SECTION ONE HUNDRED EIGHT-
Y-THREE  OR  ONE  HUNDRED  EIGHTY-FIVE OF THIS ARTICLE. IF, HOWEVER, THE
AMOUNT OF CREDIT ALLOWABLE UNDER  THIS  SECTION  FOR  ANY  TAXABLE  YEAR
REDUCES  THE  TAX TO SUCH AMOUNT, ANY AMOUNT OF CREDIT NOT DEDUCTIBLE IN
SUCH TAXABLE YEAR SHALL BE TREATED  AS  AN  OVERPAYMENT  OF  TAX  TO  BE
REFUNDED  IN  ACCORDANCE  WITH  THE  PROVISIONS  OF SECTION ONE THOUSAND
EIGHTY-SIX  OF  THIS  CHAPTER.  PROVIDED,  HOWEVER,  THE  PROVISIONS  OF
SUBSECTION  (C)  OF  SECTION  ONE  THOUSAND EIGHTY-EIGHT OF THIS CHAPTER
NOTWITHSTANDING, NO INTEREST SHALL BE PAID THEREON.
  S 4. Section 210-B of the tax law is amended by adding a new  subdivi-
sion 51 to read as follows:
  51.  CREDIT  FOR PURCHASE AND INSTALLATION OF A SECURITY CAMERA SYSTEM
ON PROPERTY LOCATED IN CITIES WITH POPULATIONS OF ONE  MILLION  OR  MORE
PERSONS.  (A) ALLOWANCE OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT,
TO BE COMPUTED AS PROVIDED IN SUBDIVISION (A) OF  SECTION  FORTY-TWO  OF
THIS CHAPTER, AGAINST THE TAX IMPOSED BY THIS ARTICLE.
  (B)  APPLICATION  OF  CREDIT.  IN NO EVENT SHALL THE CREDIT UNDER THIS
SECTION BE ALLOWED IN AN AMOUNT WHICH WILL REDUCE THE TAX TO  LESS  THAN
THE  AMOUNT  PRESCRIBED  IN  PARAGRAPH  (D)  OF  SUBDIVISION ONE OF THIS
SECTION. IF, HOWEVER, THE AMOUNT OF CREDIT ALLOWED  UNDER  THIS  SECTION
FOR ANY TAXABLE YEAR REDUCES THE TAX TO SUCH AMOUNT, ANY AMOUNT OF CRED-
IT  NOT  DEDUCTIBLE IN SUCH TAXABLE YEAR SHALL BE TREATED AS AN OVERPAY-

S. 6937                             3

MENT OF TAX TO BE REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF  SECTION
ONE  THOUSAND  EIGHTY-SIX  OF  THIS  CHAPTER,  PROVIDED HOWEVER, THAT NO
INTEREST SHALL BE PAID THEREON.
  S  5. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
of the tax law is amended by adding a new  clause  (xliii)  to  read  as
follows:
(XLIII) CREDIT FOR PURCHASE          AMOUNT OF CREDIT UNDER
AND TAX INSTALLATION OF A            SECTION FORTY-TWO
SECURITY CAMERA SYSTEM UNDER
SUBSECTION (V)
  S  6.  Section 1511 of the tax law is amended by adding a new subdivi-
sion (dd) to read as follows:
  (DD) CREDIT FOR PURCHASE AND INSTALLATION OF A SECURITY CAMERA  SYSTEM
ON  PROPERTY  LOCATED  IN CITIES WITH POPULATIONS OF ONE MILLION OR MORE
PERSONS. (1) ALLOWANCE OF CREDIT. A TAXPAYER SHALL BE ALLOWED A  CREDIT,
TO BE COMPUTED AS PROVIDED IN SECTION FORTY-TWO OF THIS CHAPTER, AGAINST
THE TAXES IMPOSED BY THIS ARTICLE.
  (2)  APPLICATION  OF CREDIT. THE CREDIT ALLOWED UNDER THIS SUBDIVISION
FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO  LESS
THAN  THE  MINIMUM FIXED BY PARAGRAPH FOUR OF SUBDIVISION (A) OF SECTION
FIFTEEN HUNDRED TWO OF THIS ARTICLE. HOWEVER, IF THE AMOUNT  OF  CREDITS
ALLOWED  UNDER  THIS SUBDIVISION FOR ANY TAXABLE YEAR REDUCES THE TAX TO
SUCH AMOUNT, ANY AMOUNT OF CREDIT THUS NOT DEDUCTIBLE  IN  SUCH  TAXABLE
YEAR  SHALL  BE  TREATED  AS  AN  OVERPAYMENT  OF  TAX TO BE CREDITED OR
REFUNDED IN ACCORDANCE WITH  THE  PROVISIONS  OF  SECTION  ONE  THOUSAND
EIGHTY-SIX  OF  THIS  CHAPTER.    PROVIDED,  HOWEVER,  THE PROVISIONS OF
SUBSECTION (C) OF SECTION ONE  THOUSAND  EIGHTY-EIGHT  OF  THIS  CHAPTER
NOTWITHSTANDING, NO INTEREST SHALL BE PAID THEREON.
  S 7. This act shall take effect January 1, 2017; provided, however, if
this  act  shall become a law after such date it shall take effect imme-
diately and shall be deemed to have been in full force and effect on and
after January 1, 2017.