New York A01632 provides a tax credit for fifty percent of the cost to purchase and install certain durable medical equipment in a residence.

New York A01632 amends the tax law to provide a tax credit for fifty percent of the cost to purchase and install durable medical equipment in a residence. This equipment includes wheelchair ramps, stair lifts, incline platform lifts, vertical platform lifts, and bathtub lifts. If the credit exceeds the taxpayer's tax for the year, the excess will be treated as an overpayment of tax to be credited or refunded.

New York A01632 provides a tax credit for fifty percent of the cost to purchase and install certain durable medical equipment in a residence.

New York A01632 amends the tax law to provide a tax credit for fifty percent of the cost to purchase and install durable medical equipment in a residence. This equipment includes wheelchair ramps, stair lifts, incline platform lifts, vertical platform lifts, and bathtub lifts. If the credit exceeds the taxpayer's tax for the year, the excess will be treated as an overpayment of tax to be credited or refunded.