New York A01170 provides a tax credit of up to $500 for the purchase of assistive technology devices.

New York A01170 amends the tax law to introduce a credit for the purchase of assistive technology devices. The credit, up to $500, applies to any item, equipment, or system used to enhance the functional capabilities of individuals with disabilities. The credit is allowed in the taxable year when the assistive technology is purchased. If the credit exceeds the taxpayer's tax for the year, the excess can be carried over to subsequent years. The amendment takes effect immediately and applies to taxable years beginning on and after January 1, 2025.

New York A01170 provides a tax credit of up to $500 for the purchase of assistive technology devices.

New York A01170 amends the tax law to introduce a credit for the purchase of assistive technology devices. The credit, up to $500, applies to any item, equipment, or system used to enhance the functional capabilities of individuals with disabilities. The credit is allowed in the taxable year when the assistive technology is purchased. If the credit exceeds the taxpayer's tax for the year, the excess can be carried over to subsequent years. The amendment takes effect immediately and applies to taxable years beginning on and after January 1, 2025.