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Bill > S05468
NY S05468
NY S05468Allows a tax exemption for taxpayers in the amount of the purchase price of a fire extinguisher, fire alarm, heat alarm or carbon monoxide alarm purchased for residential use during the month of October.
summary
Introduced
02/21/2025
02/21/2025
In Committee
02/21/2025
02/21/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to allowing a tax exemption with respect to fire extinguishers and fire, heat and carbon monoxide alarms purchased for residential use
AI Summary
This bill amends the New York State tax law to create a temporary sales tax exemption for residential fire safety devices purchased during the month of October. Specifically, the exemption applies to fire extinguishers, fire alarms, heat alarms, and carbon monoxide alarms bought for use in a residential setting. The tax exemption will cover the full purchase price of these safety devices and will go into effect thirty days after becoming law, applying to eligible items purchased on or after that date. By providing this tax break during October, which is Fire Prevention Month, the bill aims to encourage homeowners to invest in important safety equipment that can help protect lives and property by detecting or suppressing fires and carbon monoxide risks. The exemption is designed to make these potentially life-saving devices more affordable and accessible to New York residents.
Committee Categories
Budget and Finance
Sponsors (12)
Leroy Comrie (D)*,
George Borrello (R),
Pete Harckham (D),
Pam Helming (R),
Jack Martins (R),
Peter Oberacker (R),
Rob Rolison (R),
Christopher Ryan (D),
Dan Stec (R),
Jim Tedisco (R),
Lea Webb (D),
Bill Weber (R),
Last Action
REFERRED TO BUDGET AND REVENUE (on 02/21/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S5468 |
BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05468&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05468 |
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