New York S03182 establishes a tax credit for the purchase and installation of a security alarm system on residential property.

New York S03182 amends the tax law to establish a one-time tax credit for individual taxpayers who purchase and install a security alarm system on residential property. The credit is equal to two hundred fifty dollars and is allowed for taxable years beginning on or after January 1, 2026. To qualify, taxpayers must provide proof of purchase and installation in the form of a receipt. The credit applies to security alarm systems that detect and signal unauthorized intrusions or losses, such as attempted robbery, burglary, theft, or pilferage.

New York S03182 establishes a tax credit for the purchase and installation of a security alarm system on residential property.

New York S03182 amends the tax law to establish a one-time tax credit for individual taxpayers who purchase and install a security alarm system on residential property. The credit is equal to two hundred fifty dollars and is allowed for taxable years beginning on or after January 1, 2026. To qualify, taxpayers must provide proof of purchase and installation in the form of a receipt. The credit applies to security alarm systems that detect and signal unauthorized intrusions or losses, such as attempted robbery, burglary, theft, or pilferage.