NY State Senate Bill 2023-S3001

Senate Bill S3001

2023-2024 Legislative Session

Provides a deduction against adjusted gross income for dues paid by small businesses to chambers of commerce

download bill text pdf

Current Bill Status - In Senate Committee Budget And Revenue 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

Please enter your contact information

First Name

Last Name

Email Address

A valid email address is required.

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2024	referred to budget and revenue
Jan 26, 2023	referred to budget and revenue

2023-S3001 (ACTIVE) - Details

See Assembly Version of this Bill:: A53
Current Committee:: Senate Budget And Revenue
Law Section:: Tax Law
Laws Affected:: Amd §612, Tax L
Versions Introduced in Other Legislative Sessions:: 2019-2020: S7354, A10491
2021-2022: S114, A598

2023-S3001 (ACTIVE) - Summary

Provides a deduction against adjusted gross income for dues paid by small businesses to chambers of commerce.

2023-S3001 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S3001

SPONSOR: GOUNARDES
 
TITLE OF BILL:

An act to amend the tax law, in relation to providing a deduction
against adjusted gross income for dues paid by small businesses to cham-
bers of commerce

 
PURPOSE:

This legislation creates a credit in the amount paid as dues to a local
chamber of commerce, when the dues are paid by a small business of fifty
employees or less.

 
SUMMARY OF PROVISIONS:

Section 1 adds a new paragraph 43 to subsection (c) of section 612 of
the Tax Law to allow as a credit in the case when a taxpayer is a small
business, an amount equal to what was paid as dues to the local chamber
of commerce as defined under the non-profit corporation law section
1410. This section specifically prohibits any amount dedicated towards

lobbying from being deducible. This applies to businesses of fifty or
less employees.

Section 2 is the effective date.

 
JUSTIFICATION:

Dues to chambers of commerce vary across New York State and while
membership in a chamber includes numerous benefits for a small business,
often any amount can serve as a disincentive. Currently other states
allow for chamber dues to be tax deductible. In New York we have a law
allowing union dues to be tax deductible. With so many small businesses
struggling, and being the backbone of our main streets, as well as the
state economy, this legislation seeks to allow chamber dues for small
businesses to be deductible to remove any disincentive to joining a
chamber of commerce.

 
LEGISLATIVE HISTORY:

2021-2022: S114 - Referred to Budget and Revenue

2020: S7354 - Committed to Finance

 
FISCAL IMPLICATIONS:

To be determined.

 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to taxable years
beginning on or after January 1, 2025.

2023-S3001 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3001
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 26, 2023
                                ___________
 
 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN  ACT  to  amend  the  tax  law,  in relation to providing a deduction
   against adjusted gross income for dues paid  by  small  businesses  to
   chambers of commerce

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subsection (c) of section 612 of the tax law is amended  by
 adding a new paragraph 47 to read as follows:
   (47)  IN  THE  CASE  OF  A TAXPAYER WHO IS A SMALL BUSINESS, AN AMOUNT
 EQUAL TO THE AMOUNT PAID BY SUCH TAXPAYER AS DUES TO THE  LOCAL  CHAMBER
 OF  COMMERCE  WITHIN  WHICH SUCH BUSINESS IS LOCATED, PROVIDED THAT SUCH
 CHAMBER OF COMMERCE IS INCORPORATED UNDER SECTION FOURTEEN  HUNDRED  TEN
 OF THE NOT-FOR-PROFIT CORPORATION LAW. THE AMOUNT DEDUCTIBLE PURSUANT TO
 THIS  PARAGRAPH SHALL NOT INCLUDE ANY PORTION OF THE AMOUNT OF DUES PAID
 BY THE TAXPAYER THAT ARE USED OR INTENDED TO BE USED FOR THE PURPOSES OF
 LOBBYING.  FOR PURPOSES OF THIS PARAGRAPH,  THE  TERM  "SMALL  BUSINESS"
 SHALL MEAN A BUSINESS WITH FIFTY EMPLOYEES OR LESS.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on or after January 1, 2025.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01597-01-3

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.