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

Sponsored By

Current Bill Status - In Senate Committee Finance Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 03, 2020 reported and committed to finance
Jan 21, 2020 referred to budget and revenue

Votes

view votes

Mar 3, 2020 - committee Vote

S7354
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Mar 3, 2020

S7354 (ACTIVE) - Details

See Assembly Version of this Bill:
A10491
Current Committee:
Senate Finance
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L

S7354 (ACTIVE) - Summary

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

S7354 (ACTIVE) - Sponsor Memo

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.

 

Related Recent Legislation