Bill > S06556

This bill establishes a one-time tax credit of $250 for individual taxpayers in New York who purchase and install a security alarm system on their residential property. The credit applies to taxable years beginning on or after January 1, 2024, and requires the taxpayer to provide proof of purchase and installation. The bill defines a "security alarm system" as an assembly of equipment and devices, including security fences, alarm systems, and surveillance systems, that are designed to detect and signal unauthorized intrusions or attempted robberies, burglaries, thefts, or other losses at the protected property, and which may be installed, serviced, and maintained by a licensed professional.