Provides a tax credit for the purchase of technology to remotely monitor persons with Alzheimer's disease and/or dementia.
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.3562A 2011: Held in Investigations & Government Operations S.709 2010: Held in Investigations & Government Operations S.6987 2008:02/20/08 Investigations & Government Operations 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, 2014.
STATE OF NEW YORK ________________________________________________________________________ 810 2013-2014 Regular Sessions IN SENATE (PREFILED) January 9, 2013 ___________Introduced by Sen. ADAMS -- 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 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 (vv) to read as follows: (VV) 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, 2014.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02633-01-3