Senate Bill S143

2009-2010 Legislative Session

Provides for a tax credit for providing shelter to a homeless person 62 years of age or older

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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-S143 (ACTIVE) - Details

See Assembly Version of this Bill:
A1712
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S1663, A3761
2013-2014: A1762
2015-2016: A4844
2017-2018: A6271
2019-2020: A5710

2009-S143 (ACTIVE) - Summary

Provides for a tax credit against personal income tax of $1000 for each homeless person, aged 62 years or older, that the taxpayer provides shelter to in the taxpayer's home; provides that the taxpayer must also provide room and board for not less than one year to receive the credit.

2009-S143 (ACTIVE) - Sponsor Memo

2009-S143 (ACTIVE) - Bill Text download pdf 

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

                                   143

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2009
                               ___________

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

AN ACT to amend the tax law, in  relation  to  providing  for  a  credit
  against personal income tax for sheltering a homeless person sixty-two
  years of age or older

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

  Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
subsection (o-1) to read as follows:
  (O-1)  SHELTERING HOMELESS PERSON CREDIT. (1) FOR TAXABLE YEARS BEGIN-
NING ON OR AFTER TWO THOUSAND NINE, A TAXPAYER SHALL BE ALLOWED A  CRED-
IT, TO BE CREDITED AGAINST THE TAX IMPOSED BY THIS ARTICLE, AFTER ALLOW-
ANCE  OF  ANY  OTHER  CREDIT PROVIDED UNDER THIS SECTION AND ANY CREDITS
PERMITTED UNDER SECTIONS SIX HUNDRED TWENTY, SIX HUNDRED TWENTY-ONE  AND
SIX  HUNDRED THIRTY-FIVE OF THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL
BE ONE THOUSAND DOLLARS FOR EACH HOMELESS PERSON SIXTY-TWO YEARS OF  AGE
OR  OLDER  WHOM THE TAXPAYER SHELTERS IN HIS OR HER HOME, PROVIDING ROOM
AND BOARD, DURING THE TAXABLE YEAR, PROVIDED THAT SUCH  HOMELESS  PERSON
SHALL HAVE BEEN SHELTERED BY THE TAXPAYER FOR NOT LESS THAN ONE YEAR.
  (2)  IN  NO  EVENT SHALL THE AMOUNT OF THE CREDIT PROVIDED FOR IN THIS
SUBSECTION BE ALLOWED IN EXCESS OF THE TAXPAYER'S  TAX  FOR  SUCH  YEAR.
HOWEVER,  IF  THE  AMOUNT  OF  CREDIT  OTHERWISE  ALLOWABLE  UNDER  THIS
SUBSECTION FOR ANY TAXABLE YEAR  RESULTS  IN  SUCH  EXCESS  AMOUNT,  ANY
AMOUNT OF CREDIT NOT DEDUCTIBLE IN SUCH TAXABLE YEAR MAY BE CARRIED OVER
TO  THE  FOLLOWING YEAR OR YEARS AND MAY BE DEDUCTED FROM THE TAXPAYER'S
TAX FOR SUCH YEAR OR YEARS.
  (3) FOR PURPOSES OF THIS SUBSECTION, "HOMELESS PERSON" SHALL HAVE  THE
MEANING PRESCRIBED IN SUBDIVISION TWO OF SECTION FORTY-TWO OF THE SOCIAL
SERVICES  LAW,  PROVIDED  THAT  SUCH PERSON IS SIXTY-TWO YEARS OF AGE OR
OLDER.
  S 2. This act shall take effect immediately.

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