NY State Senate Bill 2019-S7354

Senate Bill S7354

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

Archive: Last Bill Status - In Senate Committee Finance 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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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 03, 2020	reported and committed to finance
Jan 21, 2020	referred to budget and revenue

Votes

- Mar 3, 2020 - Budget And Revenue Committee Vote
  S7354
  
  7
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Budget And Revenue Committee Vote: Mar 3, 2020
      
      aye (7)
      
      Benjamin
      
      Borrello
      
      Felder
      
      Krueger
      
      Liu
      
      Martinez
      
      Tedisco

2019-S7354 (ACTIVE) - Details

See Assembly Version of this Bill:: A10491
Current Committee:: Senate Finance
Law Section:: Tax Law
Laws Affected:: Amd §612, Tax L
Versions Introduced in Other Legislative Sessions:: 2021-2022: S114, A598
2023-2024: S3001, A53
2025-2026: A517

2019-S7354 (ACTIVE) - Summary

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

2019-S7354 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S7354

SPONSOR: KAPLAN
 
TITLE OF BILL:

An act to amend the tax law, in relation to providing a deduction
against adjusted gross income for dues paid by small businesses to cham-
bers of commerce

 
PURPOSE:

This legislation creates a credit in the amount paid as dues to a local
chamber of commerce, when the dues are paid by a small business of fifty
employees or less.

 
SUMMARY OF PROVISIONS:

Section 1 adds a new paragraph 43 to Subsection (c)of Section 612 of the
tax law to allow a credit in the case when a taxpayer is a small busi-
ness, an amount equal to what was paid as dues to the local chamber of
commerce as defined under the non-profit corporation law section 1410.

This section specifically prohibits any amount dedicated towards lobby-
ing from being deducible. This applies to businesses of fifty or less
employees.

Section 2 is the effective date.

 
JUSTIFICATION:

Dues to chambers of commerce vary across New York State and while
membership in a Chamber includes numerous benefits for a small business,
often any amount can serve as a disincentive.  Currently other states
allow for Chamber dues to be tax deductible.  In New York we have a good
law allowing Union dues to be tax deductible. With so many small busi-
ness struggling, and being the backbone of our main streets, as well as
the State's economy, this legislation seeks to allow Chamber dues for
small businesses to be deductible to remove any disincentive in joining
a Chamber of Commerce.

 
LEGISLATIVE HISTORY:

None.

 
FISCAL IMPLICATIONS:

To be determined.

 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to taxable years
beginning on or after January 1, 2021.

2019-S7354 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7354
 
                             I N  S E N A T E
 
                             January 21, 2020
                                ___________
 
 Introduced  by  Sen.  KAPLAN -- 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  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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