Bill > A01753

This bill enacts the Residential Structure Fire Prevention Act of 2025, which introduces several measures to improve fire safety in residential properties, specifically focusing on "cock lofts" (completely enclosed spaces between rafters and a suspended ceiling). The bill provides a tax credit to homeowners who remove cock loft fire hazards, allowing them to claim 25% of the removal costs, up to $5,000. It also mandates that insurance superintendents offer premium reductions for homeowners who install smoke detecting alarm devices in cock lofts, with the superintendent responsible for establishing installation standards. Additionally, the bill requires state housing programs, including those run by agencies like the New York State Energy Research and Development Authority, to recognize cock loft repairs for fire prevention and safety as qualifying expenditures. These provisions aim to incentivize homeowners to address potential fire risks in these enclosed spaces and provide financial support for doing so. The bill will take effect immediately and apply to taxable years beginning on or after January 1, 2026.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A1753