Bill Text: NY S02385 | 2009-2010 | General Assembly | Introduced

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Bill Title: Provides an income tax credit for the purchase of motor vehicle passive tracking devices; provides that such credit shall be equal to fifty percent of the expenditure incurred in purchasing and installing such device, but shall not exceed three hundred dollars.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S02385 Detail]

Download: New_York-2009-S02385-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2385
                              2009-2010 Regular Sessions
                                   I N  S E N A T E
                                   February 19, 2009
                                      ___________
       Introduced  by  Sen. PADAVAN -- read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment Operations
       AN ACT to amend the tax law, in relation  to  providing  an  income  tax
         credit for the purchase of motor vehicle passive tracking devices
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
    2  subsection (qq) to read as follows:
    3    (QQ)  CREDIT FOR MOTOR VEHICLE PASSIVE TRACKING DEVICE. (1) A TAXPAYER
    4  SHALL BE ALLOWED A CREDIT FOR TAXABLE YEARS BEGINNING ON OR AFTER  JANU-
    5  ARY  FIRST, TWO THOUSAND TEN AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR
    6  THE PURCHASE AND INSTALLATION OF A MOTOR VEHICLE PASSIVE TRACKING DEVICE
    7  IN A NON-COMMERCIAL PRIVATE PASSENGER AUTOMOBILE.   THE AMOUNT  OF  SUCH
    8  CREDIT  SHALL  BE  EQUAL TO FIFTY PERCENT OF THE EXPENDITURE INCURRED IN
    9  PURCHASING AND INSTALLING ANY SUCH DEVICE, BUT SHALL  NOT  EXCEED  THREE
   10  HUNDRED DOLLARS.
   11    (2)  FOR PURPOSES OF THIS SUBSECTION, A MOTOR VEHICLE PASSIVE TRACKING
   12  DEVICE SHALL MEAN A DEVICE DESIGNED TO IDENTIFY THE LOCATION OF AN AUTO-
   13  MOBILE AT ANY GIVEN POINT IN TIME, IF USED IN CONJUNCTION WITH A PARTIC-
   14  IPATING POLICE AGENCY.
   15    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09386-01-9