Senate Bill S3374

2009-2010 Legislative Session

Allows a tax credit for general volunteer services

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Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S3374 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Add §620-B, Tax L
Versions Introduced in 2011-2012 Legislative Session:
S1840

2009-S3374 (ACTIVE) - Summary

Allows a New York state credit against income tax of one hundred fifty dollars for a minimum of one hundred fifty hours of volunteer services to federal, state or municipal organizations or to a certified not-for-profit corporation or organization, in any taxable year; provides that such tax credit not be allowed for volunteer services which are normally and customarily performed by a paid employee; requires the tax commissioner to provide a method of documenting the hours served by a volunteer; requires the tax commissioner to issue certificates of eligibility to not-for-profit corporations or organizations established for charitable purposes.

2009-S3374 (ACTIVE) - Sponsor Memo

2009-S3374 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3374

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             March 17, 2009
                               ___________

Introduced  by  Sen.  OPPENHEIMER -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government Operations

AN ACT to amend the tax law, in relation to authorizing a tax credit for
  general  volunteer  services  performed  for  a governmental entity or
  charitable not-for-profit corporations or organizations

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.    The tax law is amended by adding a new section 620-B to
read as follows:
  S 620-B. CREDIT FOR GENERAL VOLUNTEER SERVICES PERFORMED FOR  CHARITA-
BLE NOT-FOR-PROFIT CORPORATIONS OR ORGANIZATIONS.  (A) GENERAL.  A RESI-
DENT  SHALL BE ALLOWED A CREDIT AGAINST THE TAX OTHERWISE DUE UNDER THIS
ARTICLE IN THE AMOUNT OF ONE HUNDRED FIFTY DOLLARS, PROVIDED SUCH  RESI-
DENT PERFORMED GENERAL VOLUNTEER SERVICES FOR AT LEAST ONE HUNDRED FIFTY
HOURS  IN  ANY  TAXABLE YEAR FOR FEDERAL, STATE OR MUNICIPAL AGENCIES OR
CHARITABLE NOT-FOR-PROFIT CORPORATIONS OR ORGANIZATIONS.
  (B) LIMITATION. NOTWITHSTANDING THE PROVISIONS OF  SUBSECTION  (A)  OF
THIS  SECTION,  SUCH  CREDIT  SHALL NOT EXCEED THE AMOUNT OF TAX OWED BY
SUCH RESIDENT FOR ANY TAXABLE YEAR; NOR SHALL ANY CREDIT BE GRANTED  FOR
VOLUNTEER SERVICES PROVIDED BY A RESIDENT WHICH ARE NORMALLY AND CUSTOM-
ARILY  PERFORMED  BY  A PAID EMPLOYEE OF THE FEDERAL, STATE OR MUNICIPAL
AGENCY OR THE CHARITABLE NOT-FOR-PROFIT CORPORATION OR ORGANIZATION  FOR
WHICH THE RESIDENT IS PROVIDING SUCH SERVICES.
  (C) REGULATIONS OF THE COMMISSIONER. THE COMMISSIONER SHALL PROVIDE BY
REGULATION  A METHOD OF DOCUMENTING THE ACTUAL PERFORMANCE BY A RESIDENT
OF THE HOURS OF GENERAL VOLUNTEER SERVICE REQUIRED TO  ESTABLISH  ELIGI-
BILITY FOR THE TAX CREDIT AUTHORIZED HEREIN. THE COMMISSIONER SHALL ALSO
ISSUE  CERTIFICATES  OF  ELIGIBILITY  TO  NOT-FOR-PROFIT CORPORATIONS OR
ORGANIZATIONS WHICH ARE ORGANIZED FOR CHARITABLE PURPOSES IF THE COMMIS-
SIONER IS SATISFIED, UPON APPLICATION OF SUCH CORPORATION  OR  ORGANIZA-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09280-01-9

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