Bill > A01170

This bill amends the New York state tax law to create a new tax credit for individuals who purchase assistive technology devices. The credit allows taxpayers to receive up to $500 in tax relief for buying devices that help improve functional capabilities for people with disabilities. An assistive technology device is broadly defined as any item, equipment, or product system (whether commercially available, modified, or customized) that helps individuals with disabilities maintain or enhance their functional abilities. The tax credit can be claimed for the taxable year in which the device is purchased, and if the credit amount exceeds the taxpayer's tax liability for that year, the excess can be carried forward to subsequent tax years. The bill will take effect immediately and apply to taxable years beginning on or after January 1, 2025, providing financial support to help individuals with disabilities access necessary technological aids.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A1170