Bill S3562A-2011

Provides a tax credit for the purchase of technology to remotely monitor persons with Alzheimer's disease and/or dementia

Provides a tax credit for the purchase of technology to remotely monitor persons with Alzheimer's disease and/or dementia.

Details

Actions

  • Jan 18, 2012: PRINT NUMBER 3562A
  • Jan 18, 2012: AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • Jan 4, 2012: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • Feb 25, 2011: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Memo

BILL NUMBER:S3562A

TITLE OF BILL: An act to amend the tax law, in relation to providing a tax credit for the cost of purchasing technology to remotely monitor persons with Alzheimer's disease and/or dementia

PURPOSE: The purpose of this bill is to provide a tax reimbursement towards the purchase of technology to remotely monitor persons with Alzheimer's disease and/or dementia.

SUMMARY OF PROVISIONS: This bill incorporates into the New York State Tax Law that a credit will be issued to any family member and/or home health care worker who has purchased technology to remotely monitor a person suffering from Alzheimer's disease and/or Dementia. The credit for any technology to remotely monitor a person who suffers from Alzheimer's Disease and/or Dimentia will only get a tax credit if the device is equal to or under one thousand dollars.

EXISTING LAW: New law.

JUSTIFICATION: Under New York State Tax Law people who purchase a remote device to monitor their family members or love ones suffering from Alzheimer's disease and/or Dementia do not get any tax credit. A person suffering from Alzheimer's disease and/or Dementia needs someone who can be of assistance at all times. Most family members must work and are not able to monitor the whereabouts and movements of their ill family member at all times. Providing a tax credit for these family members or home care workers when they purchase these remote monitoring devices, make it a more viable and affordable way to supervise their loved ones suffering from such diseases and in need of constant supervision.

PRIOR LEGISLATIVE HISTORY: S.709 2010: Held in Investigations & Government Operations S.6987 2008 02/20/08 To Investigations & Government Operations

FISCAL IMPLICATIONS: None.

LOCAL FISCAL IMPLICATIONS: None.

EFFECTIVE DATE:

Immediately and shall apply to taxable years beginning on or after January 1, 2013.


Text

STATE OF NEW YORK ________________________________________________________________________ 3562--A 2011-2012 Regular Sessions IN SENATE February 25, 2011 ___________
Introduced by Sen. ADAMS -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to providing a tax credit for the cost of purchasing technology to remotely monitor persons with Alzheimer's disease and/or dementia 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 (uu) to read as follows: (UU) CREDIT FOR PURCHASING TECHNOLOGY TO REMOTELY MONITOR PERSONS SUFFERING FROM ALZHEIMER'S DISEASE AND/OR DEMENTIA. ANY FAMILY MEMBER AND/OR HOME HEALTH CARE WORKER WHO, IN ORDER TO DELIVER PROPER CARE, PURCHASES TECHNOLOGY TO REMOTELY MONITOR A PERSON DIAGNOSED WITH ALZHEIMER'S DISEASE OR ANOTHER DISORDER RELATING TO DEMENTIA, WHEN SUCH PERSON RESIDES AT HOME, SHALL BE ALLOWED A CREDIT AGAINST THE TAX OTHER- WISE IMPOSED UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO THE COST OF SUCH DEVICE UP TO ONE THOUSAND DOLLARS. S 2. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2013.

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