senate Bill S1497

2009-2010 Legislative Session

Provides for a tax deduction not to exceed two hundred dollars for monetary gifts to a library as defined under section 253 of the education law

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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

S1497 - Bill Details

See Assembly Version of this Bill:
A1916
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law

S1497 - Bill Texts

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BILL NUMBER : S1497

TITLE OF BILL :
An act to amend the tax law, in relation to making monetary gifts to
libraries


PURPOSE :
To encourage private donations to public libraries.

SUMMARY OF PROVISIONS :
Section 1 -- Adds a new paragraph 39 to subsection (c) of section 612
of the Tax Law. This paragraph creates a personal income tax credit
of up to $200 for donations made to public libraries. The paragraph
specifies what materials the donation must be used to purchase.

Section 2 -- Effective date.

JUSTIFICATION :
Public libraries provide a tremendous service to their communities.
Unfortunately, throughout New York State, public libraries, like many
other public institutions, are facing financial difficulties.

This legislation creates a $200 personal income tax credit for those
who make contributions to libraries. This tax credit will encourage
New Yorkers to provide badly needed assistance to these very important
institutions.

PRIOR LEGISLATIVE HISTORY :
A.81/S.565 of 2007-2008
A.1787 of 2005-2006
A.6875 of 2003-2004
A.3023 of 2001-2002
A.5681 of 1999-2000
A.4325/S.2650-A of 1998-1999
A.8255-A/S.6426 of 1995-1996

FISCAL IMPLICATIONS :
Undetermined.

EFFECTIVE DATE :
This act shall take effect immediately and shall apply to tax years
beginning on or after January 1, 2010.
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