S T A T E O F N E W Y O R K
________________________________________________________________________
2658
2023-2024 Regular Sessions
I N A S S E M B L Y
January 26, 2023
___________
Introduced by M. of A. DILAN -- read once and referred to the Committee
on Ways and Means
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 (ooo) to read as follows:
(OOO) VOLUNTEER ORGANIZATIONS CREDIT. (1) FOR TAXABLE YEARS BEGINNING
ON AND AFTER JANUARY FIRST, TWO THOUSAND TWENTY-THREE, A RESIDENT
TAXPAYER WHO SERVES AS AN ACTIVE VOLUNTEER FOR AN ESTABLISHED 501(C)(3)
ORGANIZATION 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 ORGANIZA-
TION 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 TWENTY-THREE TAXABLE YEAR AS A RESULT OF MAKING APPLI-
CATION THEREFOR IN A PRIOR YEAR OR (B) IF THE TAXPAYER NOTIFIES HIS OR
HER ASSESSOR IN WRITING BY DECEMBER THIRTY-FIRST, TWO THOUSAND TWENTY-
THREE 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 CRED-
IT FOR THE TWO THOUSAND TWENTY-THREE 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.
LBD03174-01-3
A. 2658 2
(4) 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.
§ 2. This act shall take effect immediately.