S6797-2011 Actions

• May 31, 2012: REPORTED AND COMMITTED TO FINANCE
• May 14, 2012: PRINT NUMBER 6797A
• May 14, 2012: AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
• Mar 22, 2012: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

S6797-2011 Votes

S6797-2011 Memo

BILL NUMBER:S6797

TITLE OF BILL:
An act
to amend the tax law, in relation to providing a tax credit for
the purchase and installation of a security system

PURPOSE OR GENERAL IDEA OF BILL:
The purpose of the bill is to
establish a tax credit for home owners or businesses that install
security systems.

SUMMARY OF SPECIFIC PROVISIONS:
Section 210 of the tax law will be amended by adding a new subdivision
that will include a tax credit up to five hundred dollars if
residents purchase and install surveillance systems. The act requires
residents to register their system with the division of homeland
security and emergency services.

JUSTIFICATION:
This act will provide residents with a greater
incentive to not only purchase and install security systems, hut also
register their systems. With the registration, homeland security and
emergency services will be able to detect crimes within the area. The
registry will also keep track of how many people have security
systems in a given area. This act will promote safety with an
increase in equipment that will detect intrusion, break-in, movement,
sound or fire.
Taxpayers will not be allowed a tax credit under this subdivision if
they have previously.

PRIOR LEGISLATIVE HISTORY:
New Bill.

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
This act shall take effect immediately and shall apply
to taxable years commencing on or after January 1, 2013.

S6797-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         6797
 I N  SENATE
 March 22, 2012
 
 Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
 printed to be committed to the Committee on Investigations and Govern
 ment Operations
 

AN ACT to amend the tax law, in relation to providing a tax  credit  for
 the purchase and installation of a security system
 

THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section 1.

Section 210 of the tax law  is  amended  by  adding  a  new
 subdivision 24-a to read as follows:

 24-A.  CREDIT FOR PURCHASE AND INSTALLATION OF SECURITY SYSTEM.  (A) A
 TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED  IN  THIS
 SUBDIVISION,  AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR THE PURCHASE,
 OTHER THAN FOR RESALE, OF A  SECURITY  SYSTEM,  PROVIDED  SUCH  TAXPAYER
 REGISTERS  SUCH  SYSTEM WITH THE DIVISION OF HOMELAND SECURITY AND EMER
 GENCY SERVICES. THE AMOUNT OF CREDIT SHALL EQUAL THE AMOUNT PAID BY  THE
 TAXPAYER  DURING  THE  TAXABLE YEAR, UP TO FIVE HUNDRED DOLLARS, FOR THE
 PURCHASE AND INSTALLATION OF ANY SECURITY SYSTEM.
 (B) FOR THE PURPOSES OF THIS SUBDIVISION, "SECURITY SYSTEM" IS DEFINED
 AS A CLOSED-CIRCUIT  TELEVISION  OR  OTHER  ELECTRONIC  SECURITY  SYSTEM
 INSTALLED TO DETECT INTRUSION, BREAK-IN, MOVEMENT, SOUND OR FIRE.
 (C)  A  TAXPAYER SHALL NOT BE ALLOWED A TAX CREDIT UNDER THIS SUBDIVI
 SION IF SUCH TAXPAYER PREVIOUSLY RECEIVED A TAX CREDIT UNDER THIS SUBDI
 VISION.
 

S 2. Subparagraph (B) of paragraph 1 of subsection (i) of section  606
 of  the  tax  law  is  amended by adding a new clause (xxxiv) to read as
 follows:

 (XXXIV) CREDIT FOR PURCHASE          PURCHASE AND INSTALLATION
 AND INSTALLATION OF A                COSTS OF A SECURITY SYSTEM
 SECURITY SYSTEM                      UNDER SUBDIVISION
 UNDER SUBSECTION (S-1)               TWENTY-FOUR-A OF SECTION
 TWO HUNDRED TEN OR
 SUBSECTION (J-1) OF
 SECTION FOURTEEN HUNDRED
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14237-01-2
 
       S. 6797                             2
 FIFTY-SIX
 

S  3.

Section 606 of the tax law is amended by adding a new subsection
 (s-1) to read as follows:

 (S-1) CREDIT FOR PURCHASE AND INSTALLATION OF  A  SECURITY  SYSTEM.  A
 TAXPAYER  SHALL BE ALLOWED A CREDIT AS HEREINAFTER PROVIDED, AGAINST THE
 TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE AND INSTALLATION OF A SECU
 RITY SYSTEM, AS SUCH TERM IS DEFINED  IN  SUBDIVISION  TWENTY-FOUR-A  OF
 SECTION  TWO  HUNDRED TEN OF THIS CHAPTER, PROVIDED SUCH TAXPAYER REGIS
 TERS SUCH SYSTEM WITH THE DIVISION OF HOMELAND  SECURITY  AND  EMERGENCY
 SERVICES.    THE  AMOUNT  OF  CREDIT  SHALL EQUAL THE AMOUNT PAID BY THE
 TAXPAYER DURING THE TAXABLE YEAR, UP TO FIVE HUNDRED  DOLLARS,  FOR  THE
 PURCHASE  AND  INSTALLATION OF ANY SECURITY SYSTEM. A TAXPAYER SHALL NOT
 BE ALLOWED A TAX CREDIT UNDER THIS SUBSECTION IF SUCH TAXPAYER PREVIOUS
 LY RECEIVED A TAX CREDIT UNDER THIS SUBSECTION.
 

S 4.

Section 1456 of the tax law is amended by adding a new subsection
 (j-1) to read as follows:

 (J-1) CREDIT FOR PURCHASE AND INSTALLATION OF A SECURITY  SYSTEM.    A
 TAXPAYER  SHALL  BE  ALLOWED  A  CREDIT  AS PROVIDED IN THIS SUBSECTION,
 AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE  AND  INSTALLA
 TION  OF A SECURITY SYSTEM, AS SUCH TERM IS DEFINED IN SUBDIVISION TWEN
 TY-FOUR-A OF SECTION TWO HUNDRED TEN  OF  THIS  CHAPTER,  PROVIDED  SUCH
 TAXPAYER  REGISTERS  SUCH  SYSTEM WITH THE DIVISION OF HOMELAND SECURITY
 AND EMERGENCY SERVICES. THE AMOUNT OF CREDIT SHALL EQUAL THE AMOUNT PAID
 BY THE TAXPAYER DURING THE TAXABLE YEAR, UP TO FIVE HUNDRED DOLLARS, FOR
 THE PURCHASE AND INSTALLATION OF ANY SECURITY SYSTEM. THE CREDIT ALLOWED
 UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX  DUE
 FOR  SUCH  YEAR  TO LESS THAN THE MINIMUM TAX FIXED BY SUBSECTION (B) OF
 SECTION FOURTEEN HUNDRED FIFTY-FIVE OF THIS ARTICLE.  A  TAXPAYER  SHALL
 NOT  BE  ALLOWED  A  TAX  CREDIT  UNDER THIS SUBSECTION IF SUCH TAXPAYER
 PREVIOUSLY RECEIVED A TAX CREDIT UNDER THIS SUBSECTION.
 

S 5.

Section 1511 of the tax law is amended by adding a  new  subdivi
 sion (1-1) to read as follows:

 (1-1)  CREDIT  FOR  PURCHASE  AND  INSTALLATION  OF SECURITY SYSTEM. A
 TAXPAYER SHALL BE ALLOWED A CREDIT AS HEREINAFTER PROVIDED, AGAINST  THE
 TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE AND INSTALLATION OF A SECU
 RITY    SYSTEM,  AS SUCH TERM IS DEFINED IN SUBDIVISION TWENTY-FOUR-A OF
 SECTION TWO HUNDRED TEN OF THIS CHAPTER PROVIDED SUCH TAXPAYER REGISTERS
 SUCH SYSTEM  WITH  THE  DIVISION  OF  HOMELAND  SECURITY  AND  EMERGENCY
 SERVICES.  THE  AMOUNT  OF  CREDIT  SHALL  EQUAL  THE AMOUNT PAID BY THE
 TAXPAYER DURING THE TAXABLE YEAR, UP TO FIVE HUNDRED  DOLLARS,  FOR  THE
 PURCHASE  AND  INSTALLATION  OF  ANY SECURITY SYSTEM. THE CREDIT ALLOWED
 UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE
 FOR SUCH YEAR TO LESS THAN THE MINIMUM FIXED BY PARAGRAPH FOUR OF SUBDI
 VISION (A) OF SECTION FIFTEEN HUNDRED TWO OF THIS  ARTICLE.  A  TAXPAYER
 SHALL NOT BE ALLOWED A TAX CREDIT UNDER THIS SUBDIVISION IF SUCH TAXPAY
 ER PREVIOUSLY RECEIVED A TAX CREDIT UNDER THIS SUBDIVISION.
 

S 6. This act shall take effect immediately and shall apply to taxable
 years commencing on or after January 1, 2013.

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