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

This bill creates a one-time tax credit of $250 for individuals who buy and install a security alarm system on their residential property. To qualify, taxpayers must provide a receipt proving the purchase and installation, and the system must be designed to detect unauthorized entry or signal crimes like burglary or theft. The credit applies to tax years starting on or after January 1, 2024, and the system must be installed, serviced, and maintained by a licensed professional.