senate Bill S1495

2009-2010 Legislative Session

Provides for tax credits for employer sponsored tissue typing programs

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Archive: Last Bill Status - In Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2010 referred to investigations and government operations
Feb 02, 2009 referred to investigations and government operations

S1495 - Bill Details

See Assembly Version of this Bill:
A297
Current Committee:
Law Section:
Tax Law

S1495 - Bill Texts

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BILL NUMBER: S1495

TITLE OF BILL :
An act to amend the tax law, in relation to providing for business tax
credits for a portion of the cost of employer sponsored tissue typing
programs


PURPOSE :
To provide a tax credit to certain employers who sponsor a tissue
typing program.

SUMMARY OF PROVISIONS :
Section 1 -- Adds a section 187-o to the Tax Law. Defines, for
purposes of section 187-o, "employer" and "employee." This section of
the bill also establishes a corporate tax credit of 25% for employers'
tissue typing programs.

Section 2 -- Adds a new subdivision 20-a to section 210 of the Tax
Law, Provides for a corporate franchise tax credit equal to 25% of
expenses of an employer tissue typing program in any taxable year.
Also defines, for purposes of this subdivision, the terms "employee"
and "employer."

Section 3 -- Adds a new subsection (i-1) to Tax Law section 606.
Establishes a tax credit for a shareholder of an S corporation in an
amount equal to their pro rata share of the credits created under
Section 2 of the bill.

Section 4-- Adds a new subsection (r-1) to Tax Law section 606.
Provides for a personal income tax credit equal to 25% of expenses of
a tissue typing donor program in any taxable year. Defines, for
purposes of this subsection, the terms "employee" and "employer."

Section 5 -- Adds a subsection (u) to Tax Law section 1456. Provides
for a banking corporations tax credit equal to 25% of expenses of a
tissue typing donor program in any taxable year. Defines, for purposes
of this subsection, the terms "employee" and "employer."

Section 6 -- Adds a subdivision (y) to Tax Law section 1511. Provides
for an insurance corporations tax credit equal to 25% of expenses of a
tissue typing program in any taxable year. Defines for the purposes of
this subdivision, the terms "employee" and "employer."

Section 7 -- Effective date.

JUSTIFICATION :
Because of recent advances in bone marrow transplants, people dying of
blood-related diseases such as leukemia and a plastic anemia can be
saved. Saved, that is, if they can find a donor whose bone marrow
matches their own. Unfortunately, finding a match is not easy. On
average, only about 1 in 20,000 unrelated people match closely enough
for a marrow donation.

A national donor registry was begun in 1987 to assist in finding
suitable donors from a pool of "typed" readily available volunteers.
However, it is estimated that at least 1 million potential donors
worldwide must be listed on registries if the majority of the 10,000
victims presently waiting for matches are to be saved. The national
registry has approximately 90,000 potential donors listed and must
continue to increase its pool of potential donors as rapidly as
possible.

This legislation would provide much needed incentives to encourage
employers to set up tissue typing programs, thus enlarging the
registry's pool of potential bone marrow donors.
LEGISLATIVE HISTORY :
1989-90 - S.7300
1991-92 - S.2442
1993-94 - S.2659
1995-96 - S.281
1997-98 - S.2068-A
1999 - S.2693
2000 - S.5880-A
2001-02 - S.433
2003-04 - S.1155-A
2005-06 - S.38-A.
2007-08 - S.1274/A.7601

FISCAL IMPLICATIONS :
Undetermined.

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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