senate Bill S784

Provides a personal income tax credit for the donation of blood

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 15 / Jan / 2009
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 05 / May / 2009
    • REPORTED AND COMMITTED TO FINANCE
  • 06 / Jan / 2010
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Summary

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Bill Details

Versions:
S784
Legislative Cycle:
2009-2010
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law

Sponsor Memo

BILL NUMBER: S784

TITLE OF BILL :
An act to amend the tax law, in relation to providing a personal
income tax credit for the donation of blood


PURPOSE :
Provides a personal income tax credit for the donation of blood.

SUMMARY OF PROVISIONS :
Section 1: Section 606 of the tax law is amended by adding new section
(qq) which gives a taxpayer a credit of $50 up to a maximum of $200
for donating blood to the American Red Cross or other blood bank.
Section 2: Effective Date.

EXISTING LAW :
None.

JUSTIFICATION :
The State of New York is currently in the midst of a blood shortage.
According to reports, there is less than a day's supply of blood on
hand at varying hospitals throughout the State. This problem has
continually cropped up in recent years as there have been fewer donors
over the last decade. The primary competitor to the American Red Cross
is not other blood drives but other charities. This legislation gives
those individual who give blood the same incentives as those that give
charitable contributions to other organizations. In addition, the tax
credit will increase the number of individuals that give blood and
increase the blood supply.

LEGISLATIVE HISTORY :
2007-2008 - Investigations and Government Operations

FISCAL IMPLICATIONS :
To be determined.

EFFECTIVE DATE :
This act shall take effect immediately and shall apply to taxable
years beginning on and after the first of January next succeeding the
date on which it shall have become a law.
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