BILL NUMBER: S5098
SPONSOR: GRIFFO
 
TITLE OF BILL:
An act to amend the tax law, in relation to providing tax credits for
installing wheelchair ramps and stair lifts into a residence
 
PURPOSE:
This bill would provide a tax credit so that adding accessibility equip-
ment in a home with persons with mobility issues will be more afforda-
ble.
 
SUMMARY OF PROVISIONS:
1. Section 1: Allows for a tax credit to be applied in the amount of
fifty percent when durable medical equipment is purchased. Part B: For
the purpose of this subsection, "durable medical equipment" is defined
to include accessibility equipment such as wheelchair ramps, stair
lifts, incline platform lifts, vertical platform lifts and bathtub
lifts. If the amount of the credit allowed under this subsection for any
taxable year exceeds the taxpayer's tax for such year, the excess will
be treated as an overpayment of tax to be credited or refunded in
accordance with the provisions of section six hundred eighty-six of this
article, provided, however, that no interest will be paid thereon.
 
JUSTIFICATION:
Giving people with mobility issues the ability to stay in their homes
both increases the quality of life for those affected and saves money to
the state in the cost of avoided institutionalization or additional home
care. By making accessibility equipment more affordable, New York resi-
dents will be more likely to purchase this durable medical equipment and
maintain their independence.
 
LEGISLATIVE HISTORY:
2023-24-S.4219 Budget and Revenue/A.4728- Ways and Means
2021-22 - S.4122 - Budget and Revenue Committee.
2019-20 - S. 4731 - Budget and Revenue Committee/A. 3927 - Ways and
Means.
2017-18 - S. 3380 - Investigations Committee/A. 5418 - Ways and Means.
2015-16 - S. 5017 - Investigations Committee/A. 6965 - Ways and Means.
 
FISCAL IMPLICATIONS:
To be determined.
 
EFFECTIVE DATE:
This act shall take effect on January 1st next succeeding the date on
which it shall have become law.

Statutes affected:
S5098: 606 tax law