| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Feb 03, 2025 |
referred to budget and revenue |
Senate Bill S4183
2025-2026 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Current Bill Status - In Senate Committee Budget And Revenue Committee
Actions
2025-S4183 (ACTIVE) - Details
2025-S4183 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4183
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: Section 606 of the tax law is amended by adding a new
subsection (000).
Section 2: This act shall take effect immediately and shall apply to
taxable years beginning on and after January 1, 2025.
2025-S4183 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4183
2025-2026 Regular Sessions
I N S E N A T E
February 3, 2025
___________
Introduced by Sen. PARKER -- 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 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 (bbb) to read as follows:
(BBB) 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 THEIR BLOOD DONATIONS IN SUPPORT OF THE 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, 2027.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07791-01-5
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