Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 03, 2014 |
print number 5375a |
Mar 03, 2014 |
amend and recommit to investigations and government operations |
Jan 08, 2014 |
referred to investigations and government operations |
May 16, 2013 |
referred to investigations and government operations |
Senate Bill S5375A
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
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
Actions
Bill Amendments
2013-S5375 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2015-2016 Legislative Session:
-
S1830
2013-S5375 - Sponsor Memo
BILL NUMBER:S5375 TITLE OF BILL: An act to amend the tax law, in relation to providing a credit against tax for the purchase of low vision devices PURPOSE: This bill will provide an income tax credit for the purchase of a low vision device. SUMMARY OF PROVISIONS: Section 606 of the Tax Law is amended by adding a new subsection (ww). Paragraph 1 establishes the Low Vision Device Tax Credit. It provides that a taxpayer shall be allowed an income tax credit for the purchase of a qualified low vision device. The tax credit shall be equal to the amount paid by the tax payer for the qualified low vision device. Paragraph 2 provides the definition of a qualified low vision device as a device used for magnifying, enhancing, or otherwise augmenting a visual image. Paragraph 3 provides that the taxpayer must apply for the low vision device tax credit.
2013-S5375 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5375 2013-2014 Regular Sessions I N S E N A T E May 16, 2013 ___________ Introduced by Sen. RITCHIE -- 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 credit against tax for the purchase of low vision devices 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 (ww) to read as follows: (WW) LOW VISION DEVICE CREDIT. (1) A TAXPAYER SHALL BE ALLOWED A CRED- IT, TO BE COMPUTED AS PROVIDED IN THIS SUBSECTION, AGAINST THE TAX IMPOSED PURSUANT TO SECTION SIX HUNDRED ONE OF THIS PART. THE AMOUNT OF CREDIT SHALL EQUAL THE AMOUNT PAID BY THE TAXPAYER DURING THE TAXABLE YEAR AND NOT COMPENSATED BY INSURANCE OR OTHERWISE, FOR THE PURCHASE OF ANY QUALIFIED LOW VISION DEVICE. (2) FOR THE PURPOSE OF THIS SUBSECTION, "QUALIFIED LOW VISION DEVICE" SHALL MEAN A LOW VISION DEVICE FOR THE USE OF MAGNIFYING, ENHANCING OR OTHERWISE AUGMENTING A VISUAL IMAGE AND WHICH IS INTENDED FOR USE BY THE TAXPAYER OR AN INDIVIDUAL WITH RESPECT TO WHOM THE TAXPAYER, FOR THE TAXABLE YEAR, IS ALLOWED A PERSONAL EXEMPTION FOR DEPENDENTS. (3) THIS SUBSECTION SHALL APPLY TO ANY INDIVIDUAL FOR ANY TAXABLE YEAR ONLY IF SUCH INDIVIDUAL ELECTS TO HAVE THIS SECTION APPLY FOR SUCH TAXA- BLE YEAR. AN ELECTION TO HAVE THIS SECTION APPLY MAY NOT BE MADE FOR ANY TAXABLE YEAR IF SUCH ELECTION IS IN EFFECT WITH RESPECT TO SUCH INDIVID- UAL FOR EITHER OF THE TWO TAXABLE YEARS PRECEDING SUCH TAXABLE YEAR. (4) NO CREDIT SHALL BE ALLOWED FOR ANY LOW VISION DEVICE EXPENSES FOR WHICH A DEDUCTION OR CREDIT IS ALLOWED UNDER ANY OTHER PROVISION OF THIS CHAPTER. (5) IN NO EVENT SHALL THE AMOUNT OF THE CREDIT PROVIDED BY THIS SUBSECTION EXCEED THE TAXPAYER'S TAX FOR THE TAXABLE YEAR. HOWEVER, IF THE AMOUNT OF CREDIT OTHERWISE ALLOWABLE PURSUANT TO THIS SUBSECTION FOR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09948-03-3
2013-S5375A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2015-2016 Legislative Session:
-
S1830
2013-S5375A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5375A TITLE OF BILL: An act to amend the tax law, in relation to providing a credit against tax for the purchase of low vision devices PURPOSE: This bill will provide an income tax credit for the purchase of a low vision device. SUMMARY OF PROVISIONS: Section 606 of the Tax Law is amended by adding a new subsection (xx). Section 1 establishes the Low Vision Device Tax Credit. It provides that a taxpayer shall be allowed an income tax credit for the purchase of a qualified low vision device. The tax credit shall be equal to the amount paid by the taxpayer for the qualified low vision device. Section 2 provides the definition of a qualified low vision device as a device used for magnifying, enhancing, or otherwise augmenting a visual image. Section 3 provides that the taxpayer must apply for the low vision device tax credit. Section 4 provides that the low vision device tax credit shall not apply to any expense for which a tax credit is allowed under any other
2013-S5375A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5375--A 2013-2014 Regular Sessions I N S E N A T E May 16, 2013 ___________ Introduced by Sen. RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to providing a credit against tax for the purchase of low vision devices THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsections (yy) and (zz) of section 606 of the tax law, as relettered by section 5 of part H of chapter 1 of the laws of 2003, are relettered subsections (yyy) and (zzz), and a new subsection (xx) is added to read as follows: (XX) LOW VISION DEVICE CREDIT. (1) A TAXPAYER SHALL BE ALLOWED A CRED- IT, TO BE COMPUTED AS PROVIDED IN THIS SUBSECTION, AGAINST THE TAX IMPOSED PURSUANT TO SECTION SIX HUNDRED ONE OF THIS PART. THE AMOUNT OF CREDIT SHALL EQUAL THE AMOUNT PAID BY THE TAXPAYER DURING THE TAXABLE YEAR AND NOT COMPENSATED BY INSURANCE OR OTHERWISE, FOR THE PURCHASE OF ANY QUALIFIED LOW VISION DEVICE. (2) FOR THE PURPOSE OF THIS SUBSECTION, "QUALIFIED LOW VISION DEVICE" SHALL MEAN A LOW VISION DEVICE FOR THE USE OF MAGNIFYING, ENHANCING OR OTHERWISE AUGMENTING A VISUAL IMAGE AND WHICH IS INTENDED FOR USE BY THE TAXPAYER OR AN INDIVIDUAL WITH RESPECT TO WHOM THE TAXPAYER, FOR THE TAXABLE YEAR, IS ALLOWED A PERSONAL EXEMPTION FOR DEPENDENTS. (3) THIS SUBSECTION SHALL APPLY TO ANY INDIVIDUAL FOR ANY TAXABLE YEAR ONLY IF SUCH INDIVIDUAL ELECTS TO HAVE THIS SECTION APPLY FOR SUCH TAXA- BLE YEAR. AN ELECTION TO HAVE THIS SECTION APPLY MAY NOT BE MADE FOR ANY TAXABLE YEAR IF SUCH ELECTION IS IN EFFECT WITH RESPECT TO SUCH INDIVID- UAL FOR EITHER OF THE TWO TAXABLE YEARS PRECEDING SUCH TAXABLE YEAR. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09948-04-4
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