Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 01, 2022 |
held for consideration in ways and means |
Jan 05, 2022 |
referred to ways and means |
Mar 19, 2021 |
referred to ways and means |
Assembly Bill A6558
2021-2022 Legislative Session
Sponsored By
JENSEN
Archive: Last Bill Status - In Assembly Committee
- 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
Michael Durso
Karl Brabenec
2021-A6558 (ACTIVE) - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2023-2024 Legislative Session:
-
A2989
2021-A6558 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6558 2021-2022 Regular Sessions I N A S S E M B L Y March 19, 2021 ___________ Introduced by M. of A. JENSEN -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing certain credits against income tax for nurses 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 two new subsections (kkk) and (lll) to read as follows: (KKK) CREDIT FOR FULL-TIME NURSES. (1) AMOUNT OF CREDIT. FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-TWO, A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTI- CLE, WHERE THE TAXPAYER IS LICENSED AS A REGISTERED PROFESSIONAL NURSE OR LICENSED PRACTICAL NURSE PURSUANT TO ARTICLE ONE HUNDRED THIRTY-NINE OF THE EDUCATION LAW AND HAS BEEN EMPLOYED ON A FULL-TIME BASIS WITHIN THIS STATE AS A NURSE FOR NOT LESS THAN SIX MONTHS DURING THE TAXABLE YEAR. THE AMOUNT OF SUCH CREDIT SHALL BE FIVE HUNDRED DOLLARS. FOR PURPOSES OF THIS SUBSECTION, THE TERM "EMPLOYED ON A FULL-TIME BASIS" SHALL MEAN EMPLOYMENT OF NOT LESS THAN THIRTY HOURS PER WEEK. (2) APPLICATION OF CREDIT. IF THE AMOUNT OF CREDIT ALLOWED UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR EXCEEDS THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS WILL BE TREATED AS AN OVERPAYMENT TO BE CREDITED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHT- Y-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST WILL BE PAID THEREON. (LLL) CREDIT FOR TEACHING NURSES. (1) AMOUNT OF CREDIT. FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-TWO, A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTI- CLE, WHERE THE TAXPAYER IS LICENSED AS A REGISTERED PROFESSIONAL NURSE OR LICENSED PRACTICAL NURSE PURSUANT TO ARTICLE ONE HUNDRED THIRTY-NINE OF THE EDUCATION LAW AND WHO TEACHES NURSING AT AN INSTITUTION OF HIGHER EDUCATION FOR NOT LESS THAN SIX MONTHS DURING THE TAXABLE YEAR. THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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