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--B
                              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 -- 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 45 to read as follows:
    3    45. 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
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08188-04-2
       S. 4375--B                          2
    1  HUNDRED FIFTY DOLLARS WITH RESPECT TO EACH  PURCHASE  AND  INSTALLATION.
    2  THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL NOT
    3  REDUCE  THE TAX DUE FOR SUCH YEAR TO LESS THAN THE HIGHER OF THE AMOUNTS
    4  PRESCRIBED IN PARAGRAPHS (C) AND (D) OF SUBDIVISION ONE OF THIS SECTION.
    5    S  2. Section 606 of the tax law is amended by adding a new subsection
    6  (s-1) to read as follows:
    7    (S-1) CREDIT FOR INSTALLATION OF SEAT BELT VIOLATION ALERT  SYSTEM.  A
    8  TAXPAYER  SHALL BE ALLOWED A CREDIT AS HEREINAFTER PROVIDED, AGAINST THE
    9  TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE AND INSTALLATION OF A  SEAT
   10  BELT  VIOLATION  ALERT  SYSTEM,  AS  SUCH TERM IS DEFINED IN SUBDIVISION
   11  FORTY-FIVE OF SECTION TWO HUNDRED TEN OF THIS  CHAPTER.  THE  AMOUNT  OF
   12  CREDIT  SHALL  BE  FIFTY  PERCENT  OF  THE  COST  OF THE TAXPAYER OF THE
   13  PURCHASE AND INSTALLATION OF THE  SECURITY  SYSTEM  DURING  THE  TAXABLE
   14  YEAR,  SUCH  CREDIT NOT TO EXCEED TWO HUNDRED FIFTY DOLLARS WITH RESPECT
   15  TO EACH SYSTEM PURCHASED AND INSTALLED.
   16    S 3. Subparagraph (B) of paragraph 1 of subsection (i) of section  606
   17  of  the  tax  law  is  amended by adding a new clause (xxxiv) to read as
   18  follows:
   19  (XXXIV) CREDIT FOR INSTALLATION      AMOUNT OF CREDIT UNDER
   20  OF SEAT BELT VIOLATION ALERT         SUBDIVISION FORTY-FIVE OF SECTION
   21  SYSTEM UNDER SUBSECTION (S-1)        TWO HUNDRED TEN
   22    S 4. This act shall take effect on the first of January next  succeed-
   23  ing the date on which it shall have become a law.