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Bill > S04503
NY S04503
NY S04503Establishes a personal income tax credit for taxpayers who donate blood to a blood bank four or more times in a year; specifies such tax credit to be five hundred dollars.
summary
Introduced
03/13/2019
03/13/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to providing a tax credit for certain taxpayers who donate blood The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill establishes a $500 personal income tax credit for taxpayers who donate blood to a blood bank four or more times in a year. The credit can be claimed as an overpayment of tax and refunded, but no interest will be paid on it. The Commissioner may require taxpayers to provide proof of their blood donations to claim the credit. The bill will take effect immediately and apply to taxable years beginning on or after January 1, 2021.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/08/2020)
Official Document
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