S T A T E O F N E W Y O R K
________________________________________________________________________
9653
I N A S S E M B L Y
January 30, 2018
___________
Introduced by M. of A. WALLACE -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the tax law, in relation to allowing a tax exemption
with respect to fire extinguishers and fire, heat and carbon monoxide
alarms purchased for residential use
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 1124 to read
as follows:
§ 1124. EXEMPTION FROM TAX ON THE CHARGE OF A RESIDENTIAL USE FIRE
EXTINGUISHER, FIRE ALARM, HEAT ALARM OR CARBON MONOXIDE ALARM. A TAXPAY-
ER SHALL BE ALLOWED AN EXEMPTION EACH YEAR FOR THE PURCHASE DURING THE
MONTH OF OCTOBER OF ANY FIRE EXTINGUISHER, FIRE ALARM, HEAT ALARM AND/OR
CARBON MONOXIDE ALARM FOR RESIDENTIAL USE. THE AMOUNT OF THE EXEMPTION
SHALL BE EQUAL TO THE PRICE PAID FOR EACH ITEM AND SHALL BE EXEMPT FROM
THE TAX IMPOSED BY PARAGRAPH EIGHT OF SUBDIVISION (C) OF SECTION ELEVEN
HUNDRED FIVE OF THIS ARTICLE.
§ 2. This act shall take effect on the thirtieth day after it shall
have become a law and shall apply to eligible fire extinguishers, fire
alarms, heat alarms and carbon monoxide alarms purchased on or after
such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14186-03-8