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Bill > A02201
NY A02201
NY A02201Establishes a tax credit for personal property replacement as a result of bedbug infestation; credit of 15% not to exceed $750; certification determined by commissioner.
summary
Introduced
01/14/2021
01/14/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Establishes a tax credit for personal property replacement as a result of bedbug infestation; credit of 15% not to exceed $750; certification determined by commissioner.
AI Summary
This bill establishes a tax credit for individuals to replace personal property that was damaged due to a bedbug infestation. The credit is equal to 15% of the qualified expenditures, up to a maximum of $750. Qualified expenditures include the replacement of furniture, rugs, and other home goods that were damaged by bedbugs, but exclude interest or finance charges. The commissioner will determine the procedure for certifying eligibility for this tax credit.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
referred to ways and means (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A2201 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A02201&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A02201 |
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