NY State Senate Bill 2021-S4788

Senate Bill S4788

2021-2022 Legislative Session

Establishes a personal income tax credit for taxpayers who donate blood to a blood bank four or more times in a year

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Archive: Last Bill Status - In Senate Committee Budget And Revenue 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

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 05, 2022	referred to budget and revenue
Feb 12, 2021	referred to budget and revenue

co-Sponsors

2021-S4788 (ACTIVE) - Details

Current Committee:: Senate Budget And Revenue
Law Section:: Tax Law
Laws Affected:: Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S6243
2011-2012: S1169
2013-2014: S3090
2015-2016: S1238
2017-2018: S3275
2019-2020: S4503
2023-2024: S5859

2021-S4788 (ACTIVE) - Summary

Establishes a personal income tax credit for taxpayers who donate blood to a blood bank four or more times in a year; specifies such tax credit to be five hundred dollars.

2021-S4788 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S4788

SPONSOR: PARKER
 
TITLE OF BILL:

An act to amend the tax law, in relation to providing a tax credit for
certain taxpayers who donate blood

 
PURPOSE OF THE BILL:

Establishes a personal income tax credit for taxpayers who donate blood
to a blood bank four or more times in a year.

 
SUMMARY OF PROVISIONS:

Section 1 of the bill amends section 606 of the tax law as it relates to
the allowance of credit for a taxpayer who donates blood four or more
times in a year to a blood bank. The taxpayer shall be eligible for a
tax credit of five hundred dollars.

JUSTIFICATION:

This bill would encourage blood donations from New York taxpayers and
allow our blood banks to maintain an adequate level of donations.
Creating an incentive for people to regularly donate blood will ensure
that our blood supply will be maintained at an adequate level.  Blood
banks often have a depleted supply of blood which places the general
public at risk if a high need arises.

 
PRIOR LEGISLATIVE HISTORY:

2019-20: S.4503/A3613 - Referred to Investigation and Gov't and Opera-
tion.

2017-18: S.3275/ A1424 - REFERRED TO INVESTIGATIONS AND GOV'T OPERATIONS

2015-16: S.1238A/A.1506A Amend and Recommit to Investigations and Gov't
Operations

2013-14: S.3090A - Amend and Recommit to Investigation and Gov't Oper-
ations

2011-12: 5.1169/A.3117 - Investigations and Government/Ways & Means

2009-10: S.6243A/A.8218A Investigations and Government/Ways & Means

 
FISCAL IMPLICATIONS FOR STATE:

To be determined.

 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to taxable years
beginning on and after January 1, 2023.

2021-S4788 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4788
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 12, 2021
                                ___________
 
 Introduced  by  Sens. PARKER, KENNEDY -- read twice and ordered printed,
   and when printed to be committed to the Committee on Budget and Reven-
   ue
 
 AN ACT to amend the tax law, in relation to providing a tax  credit  for
   certain taxpayers who donate blood
 
   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 (kkk) to read as follows:
   (KKK)  BLOOD  DONATION CREDIT. (1) ALLOWANCE OF CREDIT. A TAXPAYER WHO
 DONATES BLOOD FOUR OR MORE TIMES IN A YEAR TO A BLOOD BANK THAT HAS BEEN
 ISSUED A VALID PERMIT AS PROVIDED IN SECTION FIVE  HUNDRED  SEVENTY-FIVE
 OF  THE  PUBLIC  HEALTH  LAW  SHALL  BE  ALLOWED A CREDIT AS HEREINAFTER
 PROVIDED, AGAINST THE TAX IMPOSED BY THIS ARTICLE.  THE  AMOUNT  OF  THE
 CREDIT  SHALL  BE  FIVE  HUNDRED  DOLLARS.  FOR  THE  PURPOSES  OF  THIS
 SUBSECTION, "BLOOD BANK" MEANS A FACILITY FOR THE  COLLECTION,  PROCESS-
 ING,  STORAGE  AND/OR  DISTRIBUTION  OF HUMAN BLOOD, BLOOD COMPONENTS OR
 BLOOD DERIVATIVES.
   (2) APPLICATION OF CREDIT. IF THE AMOUNT OF THE CREDIT  ALLOWED  UNDER
 THIS SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR
 SUCH  YEAR,  THE  EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE
 CREDITED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS  OF  SECTION  SIX
 HUNDRED  EIGHTY-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST
 SHALL BE PAID THEREON.
   (3) PROOF OF CLAIM. THE COMMISSIONER MAY REQUIRE A QUALIFIED  TAXPAYER
 TO  FURNISH PROOF OF HIS OR HER BLOOD DONATIONS IN SUPPORT OF HIS OR HER
 CLAIM FOR CREDIT UNDER THIS SUBSECTION.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after January 1, 2023.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05277-01-1

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Senate Bill S4788

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Sponsored By

Kevin S. Parker