STATE OF NEW YORK
        ________________________________________________________________________

                                          2658

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    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:

     1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
     2  subsection (ooo) to read as follows:
     3    (ooo)  Volunteer organizations credit. (1) For taxable years beginning
     4  on and after  January  first,  two  thousand  twenty-three,  a  resident
     5  taxpayer  who serves as an active volunteer for an established 501(c)(3)
     6  organization or an organization affiliated with NY Cares or  NY  Service
     7  shall  be allowed a credit against the tax imposed by this article equal
     8  to two hundred dollars. In order to receive this credit a volunteer must
     9  have completed at least twenty-five hours of service for such  organiza-
    10  tion during the taxable year for which the credit is sought.
    11    (2)  If  a taxpayer receives a real property tax exemption relating to
    12  such service under title two of article four of the  real  property  tax
    13  law,  such  taxpayer  shall  not  be eligible for this credit; provided,
    14  however (A) if the taxpayer receives such real property tax exemption in
    15  the two thousand twenty-three taxable year as a result of making  appli-
    16  cation  therefor  in a prior year or (B) if the taxpayer notifies his or
    17  her assessor in writing by December thirty-first, two  thousand  twenty-
    18  three  of  the  taxpayer's  intent to discontinue such real property tax
    19  exemption by not re-applying for such real property tax exemption by the
    20  next taxable status date, such taxpayer shall be eligible for this cred-
    21  it for the two thousand twenty-three taxable year.
    22    (3) In the case of a husband and wife who file a joint return and  who
    23  both  individually  qualify  for  the  credit under this subsection, the
    24  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

     1    (4) If the amount of the credit allowed under this subsection for  any
     2  taxable  year  shall exceed the taxpayer's tax for such year, the excess
     3  shall be treated as an overpayment of tax to be credited or refunded  in
     4  accordance with the provisions of section six hundred eighty-six of this
     5  article, provided, however, that no interest shall be paid thereon.
     6    § 2. This act shall take effect immediately.