S T A T E O F N E W Y O R K
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3182
2025-2026 Regular Sessions
I N S E N A T E
January 24, 2025
___________
Introduced by Sen. FELDER -- read twice and ordered printed, and when
printed to be committed to the Committee on Budget and Revenue
AN ACT to amend the tax law, in relation to establishing a credit for
the purchase and installation of a security alarm system
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 INSTALLATION OF A HOME SECURITY SYSTEM. (1) GENERAL.
AN INDIVIDUAL TAXPAYER SHALL BE ALLOWED A ONE-TIME CREDIT FOR TAXABLE
YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-SIX
AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR THE COST TO PURCHASE AND
INSTALL A SECURITY ALARM SYSTEM ON RESIDENTIAL PROPERTY EQUAL TO TWO
HUNDRED FIFTY DOLLARS.
(2) DEFINITION. FOR THE PURPOSE OF THIS SUBSECTION, "SECURITY ALARM
SYSTEM" SHALL MEAN AN ASSEMBLY OF EQUIPMENT AND DEVICES OR A SINGLE
DEVICE, INCLUDING BUT NOT LIMITED TO A SECURITY FENCE, A SECURITY ALARM
SYSTEM AND/OR A SECURITY SURVEILLANCE SYSTEM DESIGNATED TO DETECT AND/OR
SIGNAL AN UNAUTHORIZED INTRUSION INTO RESIDENTIAL PROPERTY OR TO SIGNAL
AN ATTEMPTED ROBBERY, BURGLARY, THEFT, PILFERAGE OR OTHER LOSS AT A
PROTECTED RESIDENTIAL PROPERTY, AND WITH RESPECT TO SUCH SIGNAL, POLICE
OFFICERS ARE EXPECTED TO RESPOND, WHICH MAY BE INSTALLED, SERVICED AND
MAINTAINED BY A PERSON LICENSED TO ENGAGE IN SUCH ACTIVITIES PURSUANT TO
ARTICLE SIX-D OF THE GENERAL BUSINESS LAW.
(3) ELIGIBILITY. TO QUALIFY FOR THE CREDIT PRESCRIBED IN THIS
SUBSECTION, AN INDIVIDUAL TAXPAYER SHALL PROVIDE PROOF OF PURCHASE AND
INSTALLATION IN THE FORM OF A RECEIPT.
(4) WHEN CREDIT ALLOWED. THE CREDIT PROVIDED FOR IN THIS SUBSECTION
SHALL BE ALLOWED WITH RESPECT TO THE TAXABLE YEAR, COMMENCING AFTER
JANUARY FIRST, TWO THOUSAND TWENTY-SIX, IN WHICH THE SECURITY ALARM
SYSTEM IS PURCHASED.
§ 2. This act shall take effect immediately and apply to taxable years
on and after January 1, 2026.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05542-01-5