Assembly Bill A4406B

Vetoed By Governor
2019-2020 Legislative Session

Enacts the residential structure fire prevention act of 2019

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S4398 - Vetoed by Governor

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

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Bill Amendments

2019-A4406 - Details

See Senate Version of this Bill:
S4398
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L; amd §2346, Ins L; add §170-c, Exec L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3711
2011-2012: A436
2013-2014: A1336, S5944
2015-2016: A669, S3005
2017-2018: A1878, S3065

2019-A4406 - Summary

Enacts the residential structure fire prevention act of 2019; provides a tax credit to homeowners who remove cock loft fire hazards in their homes; provides an insurance discount for the installation of smoke detecting alarm devices in cock lofts; provides that the repair of cock lofts for the purpose of fire prevention and safety shall be qualifying expenditures under state housing programs.

2019-A4406 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4406
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2019
                                ___________
 
 Introduced by M. of A. LENTOL -- read once and referred to the Committee
   on Ways and Means
 
 AN ACT to amend the tax law, the insurance law and the executive law, in
   relation  to enacting the residential structure fire prevention act of
   2019
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  This act shall be known and may be cited as the "residen-
 tial structure fire prevention act of 2019".
   § 2. Section 606 of the tax law is amended by adding a new  subsection
 (jjj) to read as follows:
   (JJJ) CREDIT FOR REMOVING CERTAIN FIRE HAZARDS. (1) ANY RESIDENT OWNER
 OF    REAL  PROPERTY  AS  DEFINED IN SECTION ONE HUNDRED TWO OF THE REAL
 PROPERTY TAX LAW SHALL BE ALLOWED A CREDIT  AGAINST  THE  TAX  OTHERWISE
 IMPOSED  UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO TWENTY-FIVE PERCENT OF
 THE COST OF REMOVING FIRE HAZARDS COMMONLY KNOWN AS COCK LOFTS, PROVIDED
 THAT SUCH CREDIT SHALL NOT EXCEED FIVE THOUSAND DOLLARS. FOR PURPOSES OF
 THIS SECTION THE TERM "COCK LOFT" SHALL MEAN A COMPLETELY ENCLOSED SPACE
 BETWEEN RAFTERS AND A SUSPENDED CEILING.
   (2) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR  ANY
 TAXABLE  YEAR  SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS
 SHALL 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 SHALL BE PAID THEREON.
   §  3.  Section  2346  of  the insurance law is amended by adding a new
 subsection 6 to read as follows:
   6. THE SUPERINTENDENT SHALL PROVIDE  FOR  AN  ACTUARIALLY  APPROPRIATE
 REDUCTION  IN THE RATES OF FIRE INSURANCE PREMIUMS OR THE FIRE INSURANCE
 COMPONENT OF HOMEOWNERS INSURANCE  PREMIUMS  APPLICABLE  TO  RESIDENTIAL
 REAL PROPERTY EQUIPPED WITH SMOKE DETECTING ALARM DEVICES IN COCK LOFTS.
 THE  SUPERINTENDENT  SHALL  BY  REGULATION ESTABLISH STANDARDS FOR SMOKE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

2019-A4406A - Details

See Senate Version of this Bill:
S4398
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L; amd §2346, Ins L; add §170-c, Exec L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3711
2011-2012: A436
2013-2014: A1336, S5944
2015-2016: A669, S3005
2017-2018: A1878, S3065

2019-A4406A - Summary

Enacts the residential structure fire prevention act of 2019; provides a tax credit to homeowners who remove cock loft fire hazards in their homes; provides an insurance discount for the installation of smoke detecting alarm devices in cock lofts; provides that the repair of cock lofts for the purpose of fire prevention and safety shall be qualifying expenditures under state housing programs.

2019-A4406A - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4406--A
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2019
                                ___________
 
 Introduced by M. of A. LENTOL -- read once and referred to the Committee
   on  Ways  and  Means  --  committee  discharged, bill amended, ordered
   reprinted as amended and recommitted to said committee
 
 AN ACT to amend the tax law, the insurance law and the executive law, in
   relation to enacting the residential structure fire prevention act  of
   2019

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. This act shall be known and may be cited as  the  "residen-
 tial structure fire prevention act of 2019".
   §  2. Section 606 of the tax law is amended by adding a new subsection
 (jjj) to read as follows:
   (JJJ) CREDIT FOR REMOVING CERTAIN FIRE HAZARDS. (1) ANY RESIDENT OWNER
 OF  REAL PROPERTY AS DEFINED IN SECTION ONE  HUNDRED  TWO  OF  THE  REAL
 PROPERTY  TAX  LAW  SHALL  BE ALLOWED A CREDIT AGAINST THE TAX OTHERWISE
 IMPOSED UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO TWENTY-FIVE PERCENT  OF
 THE  COST  OF  REMOVING  FIRE  HAZARDS  COMMONLY KNOWN AS COCK LOFTS, OR
 INSTALLING FIRE SPRINKLERS PER THE NEW YORK STATE UNIFORM CODE,  OR  THE
 NEW  YORK  CITY CONSTRUCTION CODE FOR PROPERTIES LOCATED WITHIN THE CITY
 OF NEW YORK, PROVIDED THAT SUCH CREDIT SHALL NOT  EXCEED  FIVE  THOUSAND
 DOLLARS.  FOR PURPOSES OF THIS SECTION THE TERM "COCK LOFT" SHALL MEAN A
 COMPLETELY ENCLOSED SPACE BETWEEN RAFTERS AND A SUSPENDED CEILING.
   (2) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR  ANY
 TAXABLE  YEAR  SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS
 SHALL 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 SHALL BE PAID THEREON.
   §  3.  Section  2346  of  the insurance law is amended by adding a new
 subsection 6 to read as follows:
   6. THE SUPERINTENDENT SHALL PROVIDE  FOR  AN  ACTUARIALLY  APPROPRIATE
 REDUCTION  IN THE RATES OF FIRE INSURANCE PREMIUMS OR THE FIRE INSURANCE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

co-Sponsors

2019-A4406B (ACTIVE) - Details

See Senate Version of this Bill:
S4398
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L; amd §2346, Ins L; add §170-c, Exec L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3711
2011-2012: A436
2013-2014: A1336, S5944
2015-2016: A669, S3005
2017-2018: A1878, S3065

2019-A4406B (ACTIVE) - Summary

Enacts the residential structure fire prevention act of 2019; provides a tax credit to homeowners who remove cock loft fire hazards in their homes; provides an insurance discount for the installation of smoke detecting alarm devices in cock lofts; provides that the repair of cock lofts for the purpose of fire prevention and safety shall be qualifying expenditures under state housing programs.

2019-A4406B (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4406--B
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2019
                                ___________
 
 Introduced by M. of A. LENTOL -- read once and referred to the Committee
   on  Ways  and  Means  --  committee  discharged, bill amended, ordered
   reprinted as amended  and  recommitted  to  said  committee  --  again
   reported  from  said  committee  with amendments, ordered reprinted as
   amended and recommitted to said committee

 AN ACT to amend the tax law, the insurance law and the executive law, in
   relation to enacting the residential structure fire prevention act  of
   2019
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. This act shall be known and may be cited as  the  "residen-
 tial structure fire prevention act of 2019".
   §  2. Section 606 of the tax law is amended by adding a new subsection
 (kkk) to read as follows:
   (KKK) CREDIT FOR REMOVING CERTAIN FIRE HAZARDS. (1) ANY RESIDENT OWNER
 OF  REAL PROPERTY AS DEFINED IN SECTION ONE  HUNDRED  TWO  OF  THE  REAL
 PROPERTY  TAX  LAW  SHALL  BE ALLOWED A CREDIT AGAINST THE TAX OTHERWISE
 IMPOSED UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO TWENTY-FIVE PERCENT  OF
 THE COST OF REMOVING FIRE HAZARDS COMMONLY KNOWN AS COCK LOFTS, PROVIDED
 THAT SUCH CREDIT SHALL NOT EXCEED FIVE THOUSAND DOLLARS. FOR PURPOSES OF
 THIS SECTION THE TERM "COCK LOFT" SHALL MEAN A COMPLETELY ENCLOSED SPACE
 BETWEEN RAFTERS AND A SUSPENDED CEILING.
   (2)  IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR ANY
 TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR,  THE  EXCESS
 SHALL  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 SHALL BE PAID THEREON.
   § 3. Section 2346 of the insurance law is  amended  by  adding  a  new
 subsection 6 to read as follows:
   6.  THE  SUPERINTENDENT  SHALL  PROVIDE FOR AN ACTUARIALLY APPROPRIATE
 REDUCTION IN THE RATES OF FIRE INSURANCE PREMIUMS OR THE FIRE  INSURANCE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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