Bill > S07092

This bill establishes a credit against New York state income tax for qualified union dues paid to a labor organization on and after January 1, 2024. The credit amount is equal to the amount of qualified union dues paid by the taxpayer during the tax year. If the credit amount exceeds the taxpayer's tax liability, the excess will be treated as an overpayment to be credited or refunded. The bill defines key terms such as "bargaining representative," "labor organization," and "qualified union dues." Taxpayers must claim the credit in a manner prescribed by the tax commissioner and provide any necessary supporting documentation.