Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 11, 2011 |
enacting clause stricken |
Feb 08, 2011 |
referred to ways and means |
Assembly Bill A4800
2011-2012 Legislative Session
Sponsored By
HOYT
Archive: Last Bill Status - Stricken
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
James Conte
2011-A4800 (ACTIVE) - Details
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยง606, Tax L
- Versions Introduced in 2009-2010 Legislative Session:
-
A10375
2011-A4800 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4800 2011-2012 Regular Sessions I N A S S E M B L Y February 8, 2011 ___________ Introduced by M. of A. HOYT, CONTE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing the New York state organ donation tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 606 of the tax law is amended by adding a new subsection (ss) to read as follows: (SS) NEW YORK STATE ORGAN DONATION TAX CREDIT. (1) ALLOWANCE OF CRED- IT. FOR TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO THOUSAND TWELVE, A RESIDENT TAXPAYER WHO MAKES AN ANATOMICAL GIFT PURSUANT TO ARTICLE FORTY-THREE OF THE PUBLIC HEALTH LAW SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO ONE THOUSAND DOLLARS. (2) DEFINITION. FOR PURPOSES OF THIS SECTION "DELIVERY" SHALL MEAN THE DATE ON WHICH THE DONOR UNDERGOES THE MEDICAL PROCEDURE REQUIRED FOR DONATION. (3) CARRYOVER. IF THE AMOUNT OF THE CREDIT, AND CARRYOVERS OF SUCH CREDIT, ALLOWABLE UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, SUCH EXCESS AMOUNT MAY BE CARRIED OVER TO THE FIVE TAXABLE YEARS NEXT FOLLOWING THE TAXABLE YEAR WITH RESPECT TO WHICH THE CREDIT IS ALLOWED AND MAY BE DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS. (4) MARRIED INDIVIDUALS. IN THE CASE OF MARRIED INDIVIDUALS FILING JOINTLY, THE CREDIT SHALL BE EQUAL TO ONE THOUSAND DOLLARS PER ANATOM- ICAL GIFT PER INDIVIDUAL. THE MAXIMUM ALLOWANCE AVAILABLE SHALL BE TWO THOUSAND DOLLARS AND ONLY IN THE CASE OF GIFTS MADE IN THE SAME TAXABLE YEAR BY TWO MARRIED INDIVIDUALS FILING JOINTLY. IN THE CASE OF MARRIED INDIVIDUALS FILING SEPARATELY, THE CREDIT MAY ONLY BE CLAIMED BY THE INDIVIDUAL THAT HAS MADE SUCH ANATOMICAL GIFT. (5) LIMITATIONS. THIS CREDIT MAY ONLY BE CLAIMED FOR THE TAXABLE YEAR IN WHICH THE GIFT WAS DELIVERED PURSUANT TO THE DELIVERY REQUIREMENTS OF EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07467-01-1
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.