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Bill > S04831
NY S04831
NY S04831Establishes a tax credit for certain volunteers at 501(c)(3) organizations or organizations affiliated with NY Cares or NY Service who provide at least twenty-five hours of service during the year.
summary
Introduced
03/26/2019
03/26/2019
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 establishing a tax credit for certain volunteers providing at least twenty-five hours of service during the year 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 tax credit of $200 for New York resident taxpayers who volunteer at least 25 hours during the year for a 501(c)(3) organization or an organization affiliated with NY Cares or NY Service. Married couples filing jointly can receive a $400 credit if both spouses qualify. The credit can be claimed as an overpayment and refunded, but no interest will be paid. Taxpayers who receive a real property tax exemption related to their volunteer service are not eligible for this credit, unless they discontinue the real property tax exemption by the end of 2019.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/08/2020)
Official Document
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