Bill > S07262

This bill creates a 30% tax credit for owners of commercial or mixed-use buildings containing medical offices who install automatic swinging door opening systems. The tax credit would be available starting in the 2026 tax year, with a maximum credit of $10,000 per building. An automatic swinging door opening system is defined as a set of devices that automatically open and close a door in compliance with Americans with Disabilities Act standards, excluding the door itself and its associated hardware. A "medical office" is specifically defined as a business operated by licensed healthcare professionals providing medical services to the public. The bill limits the total annual tax credits to $500,000, which will be allocated by the state department. Qualified taxpayers can carry forward any excess credit to future tax years. The credit only applies to the commercial portion of a building, and in cases of shared ownership, the credit will be proportional to each owner's ownership stake. To receive the credit, taxpayers must provide requested information to the tax commissioner to verify their eligibility. This legislation aims to incentivize building owners to improve accessibility for medical facilities by offsetting the cost of installing automatic door systems.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S7262