Bill Text: NY S04375 | 2011-2012 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-02-08 - PRINT NUMBER 4375B [S04375 Detail]

Download: New_York-2011-S04375-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        4375--A
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                    March 31, 2011
                                      ___________
       Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment Operations -- recommitted to the Committee on Investigations  and
         Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
         committee discharged, bill amended, ordered reprinted as  amended  and
         recommitted to said committee
       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  of  the  tax law is amended by adding a new
    2  subdivision 44 to read as follows:
    3    44. 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.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08188-02-1
       S. 4375--A                          2
    1  THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL NOT
    2  REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE HIGHER OF THE  AMOUNTS
    3  PRESCRIBED IN PARAGRAPHS (C) AND (D) OF SUBDIVISION ONE OF THIS SECTION.
    4    S  2. Section 606 of the tax law is amended by adding a new subsection
    5  (s-1) to read as follows:
    6    (S-1) CREDIT FOR INSTALLATION OF SEAT BELT VIOLATION ALERT  SYSTEM.  A
    7  TAXPAYER  SHALL BE ALLOWED A CREDIT AS HEREINAFTER PROVIDED, AGAINST THE
    8  TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE AND INSTALLATION OF A  SEAT
    9  BELT  VIOLATION  ALERT  SYSTEM,  AS  SUCH TERM IS DEFINED IN SUBDIVISION
   10  FORTY-FOUR OF SECTION TWO HUNDRED TEN OF THIS  CHAPTER.  THE  AMOUNT  OF
   11  CREDIT  SHALL  BE  FIFTY  PERCENT  OF  THE  COST  OF THE TAXPAYER OF THE
   12  PURCHASE AND INSTALLATION OF THE  SECURITY  SYSTEM  DURING  THE  TAXABLE
   13  YEAR,  SUCH  CREDIT NOT TO EXCEED TWO HUNDRED FIFTY DOLLARS WITH RESPECT
   14  TO EACH SYSTEM PURCHASED AND INSTALLED.
   15    S 3. Subparagraph (B) of paragraph 1 of subsection (i) of section  606
   16  of  the  tax  law  is amended by adding a new clause (xxxiii) to read as
   17  follows:
   18  (XXXIII) CREDIT FOR INSTALLATION     AMOUNT OF CREDIT UNDER
   19  OF SEAT BELT VIOLATION ALERT         SUBDIVISION FORTY-FOUR OF SECTION
   20  SYSTEM UNDER SUBSECTION (S-1)        TWO HUNDRED TEN
   21    S 4. This act shall take effect on the first of January next  succeed-
   22  ing the date on which it shall become a law.