senate Bill S4831

2019-2020 Legislative Session

Establishes a tax credit for certain volunteers who provide at least twenty-five hours of service during the year

download bill text pdf

Sponsored By

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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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 26, 2019 referred to budget and revenue

S4831 (ACTIVE) - Details

See Assembly Version of this Bill:
A3224
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S1534, A4559
2017-2018: S4189, A2894

S4831 (ACTIVE) - Summary

Establishes a tax credit for certain volunteers at 501(c)(3) organizations or organizations affiliated with NY Cares or NY Service who provide at least twenty-five hours of service during the year.

S4831 (ACTIVE) - Sponsor Memo

S4831 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4831

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                             March 26, 2019
                               ___________

Introduced  by  Sen.  FELDER -- 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  tax  credit
  for certain volunteers providing at least twenty-five hours of service
  during the year

  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)  VOLUNTEER ORGANIZATIONS CREDIT. (1) FOR TAXABLE YEARS BEGINNING
ON AND AFTER JANUARY FIRST, TWO THOUSAND NINETEEN, A  RESIDENT  TAXPAYER
WHO SERVES AS AN ACTIVE VOLUNTEER FOR AN ESTABLISHED 501(C)(3) ORGANIZA-
TION  OR AN ORGANIZATION AFFILIATED WITH NY CARES OR NY SERVICE SHALL BE
ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE  EQUAL  TO  TWO
HUNDRED  DOLLARS.  IN ORDER TO RECEIVE THIS CREDIT A VOLUNTEER MUST HAVE
COMPLETED AT LEAST TWENTY-FIVE HOURS OF SERVICE  FOR  SUCH  ORGANIZATION
DURING THE TAXABLE YEAR FOR WHICH THE CREDIT IS SOUGHT.
  (2)  IF  A TAXPAYER RECEIVES A REAL PROPERTY TAX EXEMPTION RELATING TO
SUCH SERVICE UNDER TITLE TWO OF ARTICLE FOUR OF THE  REAL  PROPERTY  TAX
LAW,  SUCH  TAXPAYER  SHALL  NOT  BE ELIGIBLE FOR THIS CREDIT; PROVIDED,
HOWEVER (A) IF THE TAXPAYER RECEIVES SUCH REAL PROPERTY TAX EXEMPTION IN
THE TWO THOUSAND NINETEEN TAXABLE YEAR AS A RESULT OF MAKING APPLICATION
THEREFOR IN A PRIOR YEAR OR (B) IF THE  TAXPAYER  NOTIFIES  HIS  OR  HER
ASSESSOR  IN  WRITING BY DECEMBER THIRTY-FIRST, TWO THOUSAND NINETEEN OF
THE TAXPAYER'S INTENT TO DISCONTINUE SUCH REAL PROPERTY TAX EXEMPTION BY
NOT RE-APPLYING FOR SUCH REAL PROPERTY TAX EXEMPTION BY THE NEXT TAXABLE
STATUS DATE, SUCH TAXPAYER SHALL BE ELIGIBLE FOR THIS CREDIT FOR THE TWO
THOUSAND NINETEEN TAXABLE YEAR.
  (3) IN THE CASE OF A HUSBAND AND WIFE WHO FILE A JOINT RETURN AND  WHO
BOTH  INDIVIDUALLY  QUALIFY  FOR  THE  CREDIT UNDER THIS SUBSECTION, THE
AMOUNT OF THE CREDIT ALLOWED SHALL BE FOUR HUNDRED DOLLARS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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