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Speaker Carl E. Heastie
 
     
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A06811 Summary:

BILL NOA06811
 
SAME ASNo Same As
 
SPONSORGriffin
 
COSPNSR
 
MLTSPNSR
 
Amd §§210-B, 606 & 1511, Tax L
 
Increases the amount of a tax credit for the purchase of automated external defibrillators from five hundred dollars to one thousand dollars.
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A06811 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)




 
BILL NUMBER: A6811
 
SPONSOR: Griffin

 
TITLE OF BILL:
 
An act to amend the tax law, in relation to increasing the amount of a
tax credit for automated external defibrillators
 
 
PURPOSE OR GENERAL IDEA OF BILL:
 
To encourage businesses to purchase automated external defibrillators by
increasing the tax credit for the purchase of such a unit.
 
 
SUMMARY OF PROVISIONS:
 
This bill amends subdivision 13 of'section 210-B of the tax law, as
added by 2 section 17 of part A of chapter 59 of the laws of 2014
 
 
JUSTIFICATION:

Heart attacks are one of the nation's leading causes of death.  Approxi-
mately 250,000 people die from sudden cardiac arrest every year. Every
minute that passes without defibrillation reduces a victim's chance of
survival by 10%. The key to survival is the speed of the response. .
 
Automated external defibrillators (AED)greatly increase a heart attack
victim's chance of survival. The American Heart Association estimates
that as many as 100,000 deaths could be prevented each year through the
widespread deployment of defibrillators. Seconds are critical when an
individual suffers a heart attack. It is essential that the State
encourage businesses to invest in life saving equipment.
 
Increasing the tax credit would motivate businesses to purchase auto-
mated external defibrillators. In recent years the Legislature has
enacted laws to expand the availability of automated external defibril-
lators. This legislation would increase that tax credit to $1,000 in
order to encourage more businesses to purchase a lifesaving defibrilla-
tor.
 
 
PRIOR LEGISLATIVE HISTORY:
 
A4126 of 2023-2024:Referred to Ways and Means
 
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
 
To be determined.
 
 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to taxable years
beginning on and after January 1, 2026.
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