Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to budget and revenue |
Dec 18, 2023 |
referred to rules |
Senate Bill S7817
2023-2024 Legislative Session
Sponsored By
(D) 50th Senate District
Current 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
Actions
2023-S7817 (ACTIVE) - Details
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §612, Tax L
2023-S7817 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7817 SPONSOR: MANNION TITLE OF BILL: An act to amend the tax law, in relation to establishing a tax deduction for expenses related to early intervention supplies PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to establish a tax deduction for an eligible early intervention worker for expenses related to early intervention supplies. SUMMARY OF PROVISIONS: Section 1 of this bill would establish a tax deduction for an eligible early intervention worker for expenses related to early intervention supplies. Section 2 of this bill provides that the effective date shall take effect immediately and shall apply to taxable years beginning on or
2023-S7817 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7817 2023-2024 Regular Sessions I N S E N A T E December 18, 2023 ___________ Introduced by Sen. MANNION -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law, in relation to establishing a tax deduction for expenses related to early intervention supplies 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) EXPENSES NOT IN EXCESS OF FIVE HUNDRED DOLLARS ACTUALLY INCURRED AND PAID BY ELIGIBLE QUALIFIED PERSONNEL OR AN ELIGIBLE SERVICE COORDI- NATOR FOR EARLY INTERVENTION SUPPLIES, ACTUALLY USED AND USEFUL, TO THE EXTENT NOT DEDUCTIBLE IN DETERMINING FEDERAL ADJUSTED GROSS INCOME AND NOT REIMBURSED. FOR THE PURPOSES OF THIS PARAGRAPH, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (I) "QUALIFIED PERSONNEL" SHALL HAVE THE SAME MEANING AS SUBDIVISION FIFTEEN OF SECTION TWENTY-FIVE HUNDRED FORTY-ONE OF THE PUBLIC HEALTH LAW. (II) "SERVICE COORDINATOR" SHALL HAVE THE SAME MEANING AS SUBDIVISION SIXTEEN OF SECTION TWENTY-FIVE HUNDRED FORTY-ONE OF THE PUBLIC HEALTH LAW. (III) "EARLY INTERVENTION SUPPLIES" SHALL MEAN BOOKS, SUPPLIES, AND OTHER EQUIPMENT AND SUPPLEMENTAL MATERIALS USED BY ELIGIBLE QUALIFIED PERSONNEL OR AN ELIGIBLE SERVICE COORDINATOR IN THE FURTHERANCE OF HIS OR HER PROFESSIONAL DUTIES. § 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. LBD13767-01-3
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