Bill
Bill > S02046
NY S02046
NY S02046Establishes 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
01/18/2023
01/18/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 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
AI Summary
This bill establishes a tax credit of $200 for New York resident taxpayers who serve as active volunteers for at least 25 hours during the year for an established 501(c)(3) organization or an organization affiliated with NY Cares or NY Service. The credit is not available to taxpayers who receive a real property tax exemption related to their volunteer service, with some exceptions. Married couples filing jointly can receive a credit of $400 if both spouses individually qualify for the credit.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S2046 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S02046&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02046 |
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