Bill Text: NY A05466 | 2017-2018 | General Assembly | Introduced

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Bill Title: Establishes a credit for purchase and installation of a seat belt violation alert system.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2018-01-03 - referred to ways and means [A05466 Detail]

Download: New_York-2017-A05466-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          5466
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 9, 2017
                                       ___________
        Introduced by M. of A. WEPRIN -- Multi-Sponsored by -- M. of A. PERRY --
          read once and referred to the Committee on Ways and Means
        AN  ACT  to  amend the tax law, in relation to establishing a credit for
          the installation of a seat belt violation alert system
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Section  210-B  of the tax law is amended by adding a new
     2  subdivision 49 to read as follows:
     3    49. Credit for installation of seat belt violation alert system. (a) A
     4  taxpayer shall be allowed  a  credit,  to  be  computed  as  hereinafter
     5  provided,  against  the  tax  imposed by this article, for the purchase,
     6  other than for resale, and installation of a seat belt  violation  alert
     7  system.
     8    (b)  For  the  purposes of this subdivision, the following terms shall
     9  have the following meanings:
    10    (1) "electronic indicator"  shall  mean  any  display  system  on  the
    11  outside  of a motor vehicle that registers the failure of a passenger to
    12  properly secure their safety belt within such vehicle.
    13    (2) "seat belt violation alert system" shall mean any  device,  which,
    14  upon installation in and on a motor vehicle, signals or otherwise alerts
    15  police officers, by way of an electronic indicator on the outside of the
    16  vehicle,  that  an  individual  in  such  vehicle has failed to properly
    17  secure their safety belt.
    18    (c) The amount of credit shall be fifty percent of  the  cost  to  the
    19  taxpayer  for  the  purchase  and  installation  of such security system
    20  during the taxable year of purchase,  such  credit  not  to  exceed  two
    21  hundred  fifty  dollars  with respect to each purchase and installation.
    22  The credit allowed under this subdivision for any taxable year shall not
    23  reduce the tax due for such year to less than the higher of the  amounts
    24  prescribed  in  paragraphs (c) and (d) of subdivision one of section two
    25  hundred ten of this article.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09461-01-7
        A. 5466                             2
     1    § 2. Section 606 of the tax law is amended by adding a new  subsection
     2  (s-1) to read as follows:
     3    (s-1)  Credit  for installation of seat belt violation alert system. A
     4  taxpayer shall be allowed a credit as hereinafter provided, against  the
     5  tax  imposed by this article for the purchase and installation of a seat
     6  belt violation alert system, as such  term  is  defined  in  subdivision
     7  forty-nine  of  section two hundred ten-B of this chapter. The amount of
     8  credit shall be fifty percent  of  the  cost  to  the  taxpayer  of  the
     9  purchase  and  installation  of  the  security system during the taxable
    10  year, such credit not to exceed two hundred fifty dollars  with  respect
    11  to each system purchased and installed.
    12    §  3. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
    13  of the tax law is amended by adding a new  clause  (xliii)  to  read  as
    14  follows:
    15  (xliii) Credit for installation      Amount of credit under
    16  of seat belt violation alert         subdivision forty-nine of section
    17  system under subsection (s-1)        two hundred ten-B
    18    §  4. This act shall take effect on the first of January next succeed-
    19  ing the date on which it shall become a law.