Senate Bill S3380

2017-2018 Legislative Session

Provides a tax credit for certain durable medical equipment

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2017-S3380 (ACTIVE) - Details

See Assembly Version of this Bill:
A5418
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S5017, A6965
2019-2020: S4731, A3927
2021-2022: S4122
2023-2024: S4219

2017-S3380 (ACTIVE) - Summary

Provides a tax credit for certain durable medical equipment.

2017-S3380 (ACTIVE) - Sponsor Memo

2017-S3380 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3380
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 23, 2017
                                ___________
 
 Introduced by Sens. GRIFFO, LANZA -- read twice and ordered printed, and
   when  printed  to  be committed to the Committee on Investigations and
   Government Operations
 
 AN ACT to amend the tax law, in relation to providing  tax  credits  for
   installing wheelchair ramps and stair lifts into a residence

   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 (ccc) to read as follows:
   (CCC) CREDIT FOR DURABLE MEDICAL EQUIPMENT. (1)(A) A TAXPAYER SHALL BE
 ALLOWED  A  CREDIT  AGAINST THE TAX IMPOSED BY THIS ARTICLE IN AN AMOUNT
 EQUAL TO FIFTY PERCENT OF THE  COST  TO  PURCHASE  AND  INSTALL  DURABLE
 MEDICAL EQUIPMENT IN A RESIDENCE.
   (B) FOR PURPOSES OF THIS SUBSECTION, "DURABLE MEDICAL EQUIPMENT" SHALL
 MEAN  A  WHEELCHAIR  RAMP,  STAIR  LIFT, INCLINE PLATFORM LIFT, VERTICAL
 PLATFORM LIFT, OR BATHTUB LIFT.
   (2) APPLICATION OF CREDIT. IF THE AMOUNT OF THE CREDIT  ALLOWED  UNDER
 THIS SUBSECTION FOR ANY TAXABLE YEAR EXCEEDS THE TAXPAYER'S TAX FOR SUCH
 YEAR, THE EXCESS WILL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED
 OR  REFUNDED  IN  ACCORDANCE  WITH THE PROVISIONS OF SECTION SIX HUNDRED
 EIGHTY-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST WILL  BE
 PAID THEREON.
   §  2.  This act shall take effect on January first next succeeding the
 date on which it shall have become a law.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05668-01-7

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