senate Bill S4305

2013-2014 Legislative Session

Provides a tax deduction from personal income taxes for un-reimbursed expenses paid for veterinary care of companion animals

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to investigations and government operations
Mar 20, 2013 referred to investigations and government operations

Co-Sponsors

S4305 - Details

See Assembly Version of this Bill:
A977
Law Section:
Tax Law
Laws Affected:
Amd §615, Tax L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S4956, A886
2009-2010: A10073

S4305 - Summary

Provides a tax deduction from personal income taxes for un-reimbursed expenses paid for veterinary care of companion animals.

S4305 - Sponsor Memo

S4305 - Bill Text download pdf

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

                                  4305

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 20, 2013
                               ___________

Introduced  by  Sen. SERRANO -- 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 a  deduction  from
  personal  income  taxes for un-reimbursed expenses paid for veterinary
  care of companion animals

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

  Section  1.  Paragraphs 2, 3 and 4 of subsection (d) of section 615 of
the tax law, paragraph 2 as amended by chapter 406 of the laws of  1990,
paragraph  3 as amended by chapter 921 of the laws of 1963 and paragraph
4 as added by section 2 of part DD of chapter 63 of the  laws  of  2000,
are amended and a new paragraph 5 is added to read as follows:
  (2)  interest  on  indebtedness  incurred  or continued to purchase or
carry obligations or securities the interest on which is subject to  tax
under  this  article  but  exempt from federal income tax, to the extent
that such interest on indebtedness is not deductible for federal  income
tax  purposes  and  is not subtracted from federal adjusted gross income
pursuant to paragraph (9) of  subsection  (c)  of  section  six  hundred
twelve; [and]
  (3)  ordinary and necessary expenses paid or incurred during the taxa-
ble year for (i) the production or collection of income which is subject
to tax under this article but exempt from federal income  tax,  or  (ii)
the  management,  conservation  or  maintenance of property held for the
production of such income, and the  amortizable  bond  premium  for  the
taxable  year  on any bond the interest on which is subject to tax under
this article but exempt from federal income tax, to the extent that such
expenses and premiums are not deductible in determining federal adjusted
gross income and are not subtracted from federal adjusted  gross  income
pursuant  to  paragraph  (10)  of  subsection (c) of section six hundred
twelve[.];

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02170-01-3

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