S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5803
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              March 16, 2023
                                ___________
 
 Introduced  by Sen. GALLIVAN -- 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 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 (ooo) and (ppp) to read as follows:
   (OOO) CREDIT FOR FULL-TIME NURSES. (1) AMOUNT OF CREDIT.  FOR  TAXABLE
 YEARS  BEGINNING  ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-FOUR, 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.
   (PPP) CREDIT FOR TEACHING NURSES. (1) AMOUNT OF  CREDIT.  FOR  TAXABLE
 YEARS  BEGINNING  ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-FOUR, 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.
                                                            LBD06264-01-3
              

 S. 5803                             2
 
 AMOUNT  OF  SUCH  CREDIT  SHALL BE FIVE HUNDRED DOLLARS. FOR PURPOSES OF
 THIS SUBSECTION, THE TERM "INSTITUTION OF HIGHER EDUCATION"  SHALL  MEAN
 ANY  INSTITUTION  OF  HIGHER  EDUCATION OR BUSINESS, TRADE, TECHNICAL OR
 OTHER  OCCUPATIONAL  SCHOOL,  RECOGNIZED AND APPROVED BY THE REGENTS, OR
 ANY SUCCESSOR ORGANIZATION, OF THE UNIVERSITY OF THE STATE OF  NEW  YORK
 OR  ACCREDITED  BY A NATIONALLY RECOGNIZED ACCREDITING AGENCY OR ASSOCI-
 ATION ACCEPTED AS SUCH BY THE REGENTS, OR ANY SUCCESSOR ORGANIZATION, OF
 THE UNIVERSITY OF THE STATE OF NEW YORK,  WHICH  PROVIDES  A  COURSE  OF
 STUDY LEADING TO THE GRANTING OF A POST-SECONDARY DEGREE, CERTIFICATE OR
 DIPLOMA.
   (2)  APPLICATION  OF CREDIT. IF THE AMOUNT OF THE 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.
   § 2. This act shall take effect immediately.