New York S04026 creates a tax credit for disabled person retrofit improvements, up to $5,000 per dwelling.

New York S04026 amends the tax law to create a disabled person retrofit tax credit. This credit is equal to thirty percent of the cost of expenditures, up to $5,000, for making qualified improvements in a primary residence. Qualified improvements include no-step entrances, interior passage doors with at least a thirty-two inch wide opening, bathroom wall reinforcements for grab bars, and accessible light switches and outlets. The credit can be carried over to subsequent years if it exceeds the taxpayer's tax for the year.

New York S04026 creates a tax credit for disabled person retrofit improvements, up to $5,000 per dwelling.

New York S04026 amends the tax law to create a disabled person retrofit tax credit. This credit is equal to thirty percent of the cost of expenditures, up to $5,000, for making qualified improvements in a primary residence. Qualified improvements include no-step entrances, interior passage doors with at least a thirty-two inch wide opening, bathroom wall reinforcements for grab bars, and accessible light switches and outlets. The credit can be carried over to subsequent years if it exceeds the taxpayer's tax for the year.