Senate Bill S7262

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7262
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               April 7, 2025
                                ___________
 
 Introduced  by  Sens. ROLISON, CLEARE -- read twice and ordered printed,
   and when printed to be committed to the Committee on Budget and Reven-
   ue
 
 AN ACT to amend the tax law, in relation  to  creating  a  retrofit  tax
   credit for owners of buildings containing medical offices that install
   automatic swinging door opening systems

   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)  AUTOMATIC SWINGING DOOR OPENING SYSTEM RETROFIT TAX CREDIT. (1)
 FOR TAXABLE YEARS BEGINNING ON OR  AFTER  JANUARY  FIRST,  TWO  THOUSAND
 TWENTY-SIX,  A  QUALIFYING  TAXPAYER  SHALL  BE  ALLOWED A CREDIT, TO BE
 COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE TAX IMPOSED BY THIS  ARTI-
 CLE.  THE  AMOUNT  OF THE CREDIT SHALL BE EQUAL TO THIRTY PERCENT OF THE
 COST OF THE EXPENDITURES MADE  BY  THE  TAXPAYER  WITH  RESPECT  TO  THE
 INSTALLATION  OF  AN AUTOMATIC SWINGING DOOR OPENING SYSTEM AT A COMMER-
 CIAL OR MIXED-USE BUILDING OWNED BY THE TAXPAYER AND OCCUPIED ON A FULL-
 TIME BASIS BY ONE OR MORE MEDICAL OFFICES;  PROVIDED  THAT  THE  MAXIMUM
 CREDIT  ALLOWABLE PER YEAR WITH REGARD TO EXPENDITURES FOR THE INSTALLA-
 TION OF AN AUTOMATIC SWINGING DOOR OPENING SYSTEM AT A PARTICULAR BUILD-
 ING BY ANY TAXPAYER SHALL NOT EXCEED TEN THOUSAND DOLLARS IN THE  AGGRE-
 GATE FOR IMPROVEMENTS MADE TO THAT BUILDING.
   (2) AS USED IN THIS SUBSECTION:
   (A) "AUTOMATIC SWINGING DOOR OPENING SYSTEM" MEANS A SYSTEM OF DEVICES
 AND  EQUIPMENT  THAT  WHEN  CONNECTED  TO A DOOR AUTOMATICALLY OPENS AND
 CLOSES THE DOOR AND IS COMPLIANT WITH SECTION  404.3  OF  THE  AMERICANS
 WITH  DISABILITIES  ACT  OR SUCH OTHER STANDARDS AS THE COMMISSIONER MAY
 DETERMINE. THIS TERM DOES NOT INCLUDE THE  DOOR,  OR  THE  DOOR  HINGES,
 HANDLE, FRAME, OR OTHER HARDWARE ASSOCIATED WITH THE DOOR;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11272-01-5
 S. 7262                             2
              

 
   (B)  "MEDICAL  OFFICE" MEANS A PLACE OF BUSINESS OPERATED AND OCCUPIED
 BY A PERSON OR PERSONS LICENSED PURSUANT TO THE  PROVISIONS  OF  ARTICLE
 ONE  HUNDRED  THIRTY-ONE,  ONE HUNDRED THIRTY-ONE-B, ONE HUNDRED THIRTY-
 TWO, ONE HUNDRED THIRTY-THREE,  ONE  HUNDRED  THIRTY-FOUR,  ONE  HUNDRED
 THIRTY-SIX,  ONE  HUNDRED  THIRTY-NINE,  ONE  HUNDRED FORTY, ONE HUNDRED
 FORTY-ONE, ONE HUNDRED FORTY-THREE, ONE HUNDRED FIFTY-THREE, ONE HUNDRED
 FIFTY-FIVE, ONE HUNDRED FIFTY-SIX, ONE HUNDRED FIFTY-NINE,  ONE  HUNDRED
 SIXTY,  ONE  HUNDRED SIXTY-THREE OR ONE HUNDRED SIXTY-FOUR OF THE EDUCA-
 TION LAW, AND WHERE MEDICAL SERVICES  PURSUANT  TO  SUCH  LICENSING  ARE
 PROVIDED TO THE GENERAL PUBLIC; AND
   (C)  "QUALIFIED TAXPAYER" MEANS THE OWNER OF A COMMERCIAL OR MIXED-USE
 BUILDING OCCUPIED ON A FULL-TIME BASIS BY ONE OR MORE MEDICAL OFFICES.
   (3) 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.
   (4)  (A)  THE  PROVISIONS  OF  THIS  SUBSECTION SHALL NOT APPLY TO ANY
 BUILDING OWNED SOLELY FOR RESIDENTIAL PURPOSES. IN THE CASE OF A  BUILD-
 ING  WHERE LESS THAN THE ENTIRE BUILDING IS USED FOR COMMERCIAL PURPOSES
 BY THE TAXPAYER, ONLY THE PORTION OF THE TOTAL EXPENDITURES MADE IN  THE
 BUILDING  THAT  IS  ATTRIBUTABLE  TO  THE COMMERCIAL USE OF THE BUILDING
 SHALL BE TREATED AS QUALIFIED EXPENDITURES  FOR  THE  PURPOSES  OF  THIS
 SUBSECTION.
   (B)  IN THE CASE OF A BUILDING THAT IS OWNED BY TWO OR MORE TAXPAYERS,
 OTHER THAN SPOUSES, THE PORTION OF THE TOTAL EXPENDITURES  MADE  IN  THE
 AUTOMATIC  SWINGING DOOR OPENING SYSTEM RETROFIT OF THE BUILDING THAT IS
 ATTRIBUTABLE TO EACH TAXPAYER SHALL BE EQUAL TO THE TAXPAYER'S SHARE  OF
 OWNERSHIP IN SUCH BUILDING.
   (5)  THE  TAXPAYER  SHALL FURNISH SUCH INFORMATION AS THE COMMISSIONER
 DETERMINES IS NECESSARY TO DETERMINE ANY CREDIT UNDER THIS SUBSECTION.
   (6) THE AGGREGATE AMOUNT OF TAX CREDITS ALLOWED UNDER THIS  SUBSECTION
 SHALL  BE FIVE HUNDRED THOUSAND DOLLARS EACH YEAR. SUCH AGGREGATE AMOUNT
 OF CREDITS SHALL BE ALLOCATED BY THE DEPARTMENT.
   (7) THE CREDIT PROVIDED FOR UNDER THIS SUBSECTION SHALL BE LIMITED  TO
 TAXPAYERS  WHO  ARE ABLE TO FURNISH ANY AND ALL REQUESTED INFORMATION TO
 THE COMMISSIONER TO DETERMINE ELIGIBILITY FOR SUCH CREDIT.
   § 2. This act shall take effect immediately and shall apply to all tax
 years commencing on or after January 1, 2026.