S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4126
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 9, 2023
                                ___________
 
 Introduced  by M. of A. WALLACE -- read once and referred to the Commit-
   tee on Ways and Means
 
 AN ACT to amend the tax law, in relation to increasing the amount  of  a
   tax credit for automated external defibrillators
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 13 of section 210-B of the tax law, as added by
 section 17 of part A of chapter 59 of the laws of 2014,  is  amended  to
 read as follows:
   13.  Credit  for  purchase  of  an automated external defibrillator. A
 taxpayer shall be allowed  a  credit,  to  be  computed  as  hereinafter
 provided,  against  the  tax  imposed by this article, for the purchase,
 other than for resale, of an automated external defibrillator,  as  such
 term  is  defined  in section three thousand-b of the public health law.
 The amount of credit shall be the cost  to  the  taxpayer  of  automated
 external  defibrillators  purchased during the taxable year, such credit
 not to exceed [five hundred] ONE THOUSAND dollars with respect  to  each
 unit purchased.  The credit allowed under this subdivision for any taxa-
 ble  year  shall  not  reduce the tax due for such year to less than the
 fixed dollar minimum amount prescribed in paragraph (d)  of  subdivision
 one of section two hundred ten of this [chapter] ARTICLE.
   § 2. Subsection (s) of section 606 of the tax law, as added by section
 3  of  part  J of chapter 407 of the laws of 1999, is amended to read as
 follows:
   (s) Credit for purchase of  an  automated  external  defibrillator.  A
 taxpayer  shall be allowed a credit as hereinafter provided, against the
 tax imposed by this article for the purchase, other than for resale,  of
 an  automated external defibrillator, as such term is defined in section
 three thousand-b of the public health law. The amount of credit shall be
 the cost to the taxpayer of automated external defibrillators  purchased

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03273-01-3
 A. 4126                             2
              

 
 during  the  taxable  year, such credit not to exceed [five hundred] ONE
 THOUSAND dollars with respect to each unit purchased.
   §  3.  Subdivision  (l)  of section 1511 of the tax law, as amended by
 section 15 of part H3 of chapter 62 of the laws of 2003, is  amended  to
 read as follows:
   (l)  Credit  for  purchase  of  an automated external defibrillator. A
 taxpayer shall be allowed a credit as hereinafter provided, against  the
 tax  imposed by this article for the purchase, other than for resale, of
 an automated external defibrillator, as such term is defined in  section
 three  thousand-b  of  the  public  health law. The amount of the credit
 shall be the cost to the taxpayer of automated  external  defibrillators
 purchased  during  the  taxable  year,  such  credit not to exceed [five
 hundred] ONE THOUSAND dollars with respect to each unit  purchased.  The
 credit  allowed  under  this  subdivision for any taxable year shall not
 reduce the tax due for such year to less than the minimum tax  fixed  by
 paragraph four of subdivision (a) of section fifteen hundred two of this
 article  or  by section fifteen hundred two-a of this article, whichever
 is applicable.
   § 4. This act shall take effect immediately and shall apply to taxable
 years beginning on and after January 1, 2024.