Bill Text: NY A01310 | 2013-2014 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Introduced - Dead) 2014-01-08 - referred to ways and means [A01310 Detail]

Download: New_York-2013-A01310-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1310
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced  by  M.  of  A.  ZEBROWSKI, AUBRY, GUNTHER, CASTRO, HOOPER --
         Multi-Sponsored by -- M.  of A. COOK, HEVESI, WEISENBERG -- read  once
         and referred to the Committee on Ways and Means
       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:
    1    Section  1.  Section  606  of  the  tax law is amended by adding a new
    2  subsection (vv) to read as follows:
    3    (VV) BLOOD DONATION CREDIT. (1) ALLOWANCE OF CREDIT.  A  TAXPAYER  WHO
    4  DONATES BLOOD FOUR OR MORE TIMES IN A YEAR TO A BLOOD BANK THAT HAS BEEN
    5  ISSUED  A  VALID PERMIT AS PROVIDED IN SECTION FIVE HUNDRED SEVENTY-FIVE
    6  OF THE PUBLIC HEALTH LAW  SHALL  BE  ALLOWED  A  CREDIT  AS  HEREINAFTER
    7  PROVIDED,  AGAINST  THE  TAX  IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE
    8  CREDIT  SHALL  BE  FIVE  HUNDRED  DOLLARS.  FOR  THE  PURPOSES  OF  THIS
    9  SUBSECTION,  "BLOOD  BANK" MEANS A FACILITY FOR THE COLLECTION, PROCESS-
   10  ING, STORAGE AND/OR DISTRIBUTION OF HUMAN  BLOOD,  BLOOD  COMPONENTS  OR
   11  BLOOD DERIVATIVES.
   12    (2)  APPLICATION  OF CREDIT. IF THE AMOUNT OF THE CREDIT ALLOWED UNDER
   13  THIS SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR
   14  SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF  TAX  TO  BE
   15  CREDITED  OR  REFUNDED  IN ACCORDANCE WITH THE PROVISIONS OF SECTION SIX
   16  HUNDRED EIGHTY-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO  INTEREST
   17  SHALL BE PAID THEREON.
   18    (3)  PROOF OF CLAIM. THE COMMISSIONER MAY REQUIRE A QUALIFIED TAXPAYER
   19  TO FURNISH PROOF OF HIS OR HER BLOOD DONATIONS IN SUPPORT OF HIS OR  HER
   20  CLAIM FOR CREDIT UNDER THIS SUBSECTION.
   21    S 2. This act shall take effect immediately and shall apply to taxable
   22  years beginning on and after January 1, 2015.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00511-01-3