S T A T E O F N E W Y O R K
________________________________________________________________________
1170
2025-2026 Regular Sessions
I N A S S E M B L Y
January 9, 2025
___________
Introduced by M. of A. RAMOS -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to providing a tax credit for
the purchase of assistive technology devices
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 (qqq) to read as follows:
(QQQ) CREDIT FOR PURCHASE OF ASSISTIVE TECHNOLOGY DEVICES. (1) ALLOW-
ANCE OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS
PROVIDED IN THIS SUBSECTION, AGAINST THE TAX IMPOSED BY THIS ARTICLE.
THE AMOUNT OF CREDIT SHALL EQUAL THE AMOUNT PAID BY THE TAXPAYER DURING
THE TAXABLE YEAR, UP TO FIVE HUNDRED DOLLARS, FOR THE PURCHASE OF ANY
ASSISTIVE TECHNOLOGY DEVICE.
(2) DEFINITION. FOR THE PURPOSES OF THIS SUBSECTION, "ASSISTIVE TECH-
NOLOGY DEVICE" SHALL MEAN ANY ITEM, PIECE OF EQUIPMENT, OR PRODUCT
SYSTEM, WHETHER ACQUIRED COMMERCIALLY OFF THE SHELF, MODIFIED, OR
CUSTOMIZED, THAT IS USED TO INCREASE, MAINTAIN, OR IMPROVE FUNCTIONAL
CAPABILITIES OF INDIVIDUALS WITH DISABILITIES.
(3) WHEN CREDIT ALLOWED. THE CREDIT PROVIDED HEREIN SHALL BE ALLOWED
WITH RESPECT TO THE TAXABLE YEAR COMMENCING IN WHICH THE ASSISTIVE TECH-
NOLOGY IS PURCHASED.
(4) CARRYOVER CREDIT. IF THE AMOUNT OF CREDIT ALLOWABLE UNDER THIS
SUBSECTION SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS MAY
BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS AND MAY BE DEDUCTED FROM
THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS.
§ 2. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2025.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02373-01-5
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