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Bill > S05468


NY S05468

NY S05468
Allows 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
In Committee
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)

Last Action

REFERRED TO BUDGET AND REVENUE (on 02/21/2025)

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