Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Feb 25, 2019 | referred to budget and revenue |
senate Bill S4022
Sponsored By
Gustavo Rivera
(D, WF) 33rd Senate District
Current Bill Status - In Senate Committee Budget And Revenue Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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S4022 (ACTIVE) - Details
S4022 (ACTIVE) - Summary
Establishes a one-time personal income tax credit for up to $10,000 for the expenses incurred by a resident taxpayer in the course of donating his or her organs for transplantation; repeals the personal income tax modification, reducing federal adjusted income, for such expenses.
S4022 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4022 SPONSOR: RIVERA TITLE OF BILL: An act to amend the tax law, in relation to establishing a personal income tax credit for organ donations; and to repeal paragraph 38 of subsection (c) of section 612 of such law in relation to the personal income tax modification, reducing federal adjusted income, for organ donations PURPOSE: To replace the current organ donation income tax deduction with a onetime personal income tax credit for up to $10,000 for expenses incurred by a living organ donor. SUMMARY OF PROVISIONS: Section one amends section 606 of the tax law by adding a new subsection (ccc) which creates a one-time tax credit for living organ donors of up
S4022 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4022 2019-2020 Regular Sessions I N S E N A T E February 25, 2019 ___________ Introduced by Sen. RIVERA -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to establishing a personal income tax credit for organ donations; and to repeal paragraph 38 of subsection (c) of section 612 of such law in relation to the personal income tax modification, reducing federal adjusted income, for organ donations 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 (jjj) to read as follows: (JJJ) ORGAN DONATION CREDIT. (1) A RESIDENT TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR QUALIFIED EXPENSES INCURRED, WHILE LIVING, IN THE COURSE OF SUCH TAXPAYER'S DONATION OF ONE OR MORE OF HIS OR HER HUMAN ORGANS TO ANOTHER HUMAN BEING FOR THE PURPOSE OF TRANSPLANTATION IN SUCH OTHER HUMAN BEING. THE CREDIT ESTAB- LISHED BY THIS SUBSECTION SHALL ONLY BE ALLOWED IN THE TAX YEAR IN WHICH THE HUMAN ORGAN TRANSPLANTATION OCCURS, AND MAY ONLY BE CLAIMED FOR ONE TAX YEAR DURING THE TAXPAYER'S LIFETIME. (2) FOR THE PURPOSES OF THIS SUBSECTION, THE TERM "QUALIFIED EXPENSES" MEANS THE FOLLOWING UNREIMBURSED EXPENSES INCURRED BY A RESIDENT TAXPAY- ER RELATED TO HIS OR HER DONATION OF HIS OR HER HUMAN ORGAN OR ORGANS FOR DONATION TO ANOTHER HUMAN BEING FOR THE PURPOSE OF TRANSPLANTATION IN SUCH HUMAN BEING: (I) TRAVEL EXPENSES; (II) LODGING EXPENSES; AND (III) LOST WAGES. (3) FOR THE PURPOSES OF THIS SUBSECTION, THE TERM "HUMAN ORGAN" MEANS ALL OR PART OF A LIVER, PANCREAS, KIDNEY, INTESTINE, LUNG OR BONE MARROW. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08121-01-9
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