Assembly Actions -
Senate Actions - UPPERCASE
|Jan 26, 2023||
referred to budget and revenue
Senate Bill S3001
2023-2024 Legislative Session
Current Bill Status - In Senate Committee Budget And Revenue Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2023-S3001 (ACTIVE) - Details
2023-S3001 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3001 SPONSOR: GOUNARDES 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 as a credit in the case when a taxpayer is a small business, 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
2023-S3001 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3001 2023-2024 Regular Sessions I N S E N A T E January 26, 2023 ___________ Introduced by Sen. GOUNARDES -- 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 47 to read as follows: (47) 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, 2025. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01597-01-3
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