Bill > S03470

This bill enacts "Averyana's law", which provides a tax credit for homeowners who purchase and install specific types of advanced smoke alarms with photoelectric technology. The tax credit will allow residential property owners to receive a credit against their state taxes equal to the total cost of purchasing and installing smoke alarms that use photoelectric technology, which includes photoelectric detectors and photoelectric/carbon monoxide detectors. Photoelectric smoke alarms are considered more effective at detecting smoldering fires compared to traditional ionization alarms, potentially providing earlier warning and improved safety. The bill will take effect immediately and apply to taxable years beginning on or after January 1, 2025, providing an incentive for homeowners to upgrade their smoke detection systems with more advanced technology that could help save lives in the event of a fire.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S3470