Assembly Bill A10491

2019-2020 Legislative Session

Provides a deduction against adjusted gross income for dues paid by small businesses to chambers of commerce

download bill text pdf

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Archive: Last Bill Status - In Assembly 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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2019-A10491 (ACTIVE) - Details

See Senate Version of this Bill:
S7354
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L
Versions Introduced in Other Legislative Sessions:
2021-2022: A598, S114
2023-2024: A53, S3001
2025-2026: A517

2019-A10491 (ACTIVE) - Summary

Provides a deduction against adjusted gross income for dues paid by small businesses to chambers of commerce.

2019-A10491 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10491
 
                           I N  A S S E M B L Y
 
                               May 22, 2020
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Woerner) --
   read once and referred to the Committee on Ways and Means
 
 AN ACT to amend the tax  law,  in  relation  to  providing  a  deduction
   against  adjusted  gross  income  for dues paid by small businesses to
   chambers of commerce
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subsection (c) of section 612 of the tax law is amended by
 adding a new paragraph 43 to read as follows:
   (43) IN THE CASE OF A TAXPAYER WHO IS  A  SMALL  BUSINESS,  AN  AMOUNT
 EQUAL  TO  THE AMOUNT PAID BY SUCH TAXPAYER AS DUES TO THE LOCAL CHAMBER
 OF COMMERCE WITHIN WHICH SUCH BUSINESS IS LOCATED,  PROVIDED  THAT  SUCH
 CHAMBER  OF  COMMERCE IS INCORPORATED UNDER SECTION FOURTEEN HUNDRED TEN
 OF THE NOT-FOR-PROFIT CORPORATION LAW. THE AMOUNT DEDUCTIBLE PURSUANT TO
 THIS PARAGRAPH SHALL NOT INCLUDE ANY PORTION OF THE AMOUNT OF DUES  PAID
 BY THE TAXPAYER THAT ARE USED OR INTENDED TO BE USED FOR THE PURPOSES OF
 LOBBYING.    FOR  PURPOSES  OF THIS PARAGRAPH, THE TERM "SMALL BUSINESS"
 SHALL MEAN A BUSINESS WITH FIFTY EMPLOYEES OR LESS.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on or after January 1, 2021.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14343-03-9

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