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Bill

S 3182

Establishes a credit for the purchase and installation of a security alarm system

2025 Regular Session Introduced by Simcha Felder

Bill S 3182 offers a tax credit to homeowners and businesses for installing security alarm systems, aiming to boost safety and stimulate the security industry.

RECOMMIT, ENACTING CLAUSE STRICKEN
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WeVote Research Nonpartisan
Bill Summary · S 3182

Summary of Bill S 3182

Bill Overview

  • Bill Number: S 3182
  • Title: Establishes a credit for the purchase and installation of a security alarm system
  • Status: RECOMMIT, ENACTING CLAUSE STRICKEN
  • Introduced On: January 24, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill S 3182 is to provide financial incentives for individuals and businesses to enhance their security through the purchase and installation of security alarm systems. By establishing a tax credit, the bill aims to encourage the adoption of security measures that could potentially reduce crime rates and improve public safety.

Key Provisions

  • Tax Credit: The bill proposes a tax credit for eligible taxpayers who purchase and install security alarm systems. The specifics of the credit amount and eligibility criteria were not detailed in the provided information.
  • Eligibility: While specific eligibility requirements are not outlined, it is expected that the bill would define which types of security systems qualify and whether the credit applies to residential, commercial, or both types of installations.

Impact

  • Who Would Be Affected:
    • Homeowners and Renters: Individuals looking to enhance their home security may benefit from the tax credit, making it more affordable to install security systems.
    • Businesses: Commercial entities may also take advantage of the credit, potentially leading to increased security measures in business environments.
    • Security Industry: The bill could stimulate growth in the security alarm industry by increasing demand for installation services and equipment.

Legislative Actions

  • January 24, 2025: The bill was introduced and referred to the Budget and Revenue Committee for consideration.
  • May 27, 2025: The bill was recommitted, and the enacting clause was stricken, indicating that it may not proceed further in its current form.

Related Legislation

  • S 6556 (Prior-Session): This bill may have connections or similarities to previous legislation, which could provide context for its provisions or intent.

Conclusion

Bill S 3182 seeks to promote public safety through financial incentives for security system installations. While currently stalled in the legislative process, its potential impact on homeowners, businesses, and the security industry highlights the importance of addressing safety concerns in communities. Further developments will be necessary to determine the future of this legislation.

Compiled from official sources — confirm details with the bill’s official record.

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