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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