Bill S784-2009

Provides a personal income tax credit for the donation of blood

Provides a personal income tax credit for the donation of blood to the American Red Cross or other qualifying blood bank.

Details

Actions

  • Jan 6, 2010: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • May 5, 2009: REPORTED AND COMMITTED TO FINANCE
  • Jan 15, 2009: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Memo

 BILL NUMBER:  S784

TITLE OF BILL : An act to amend the tax law, in relation to providing a personal income tax credit for the donation of blood

PURPOSE : Provides a personal income tax credit for the donation of blood.

SUMMARY OF PROVISIONS : Section 1: Section 606 of the tax law is amended by adding new section (qq) which gives a taxpayer a credit of $50 up to a maximum of $200 for donating blood to the American Red Cross or other blood bank. Section 2: Effective Date.

EXISTING LAW : None.

JUSTIFICATION : The State of New York is currently in the midst of a blood shortage. According to reports, there is less than a day's supply of blood on hand at varying hospitals throughout the State. This problem has continually cropped up in recent years as there have been fewer donors over the last decade. The primary competitor to the American Red Cross is not other blood drives but other charities. This legislation gives those individual who give blood the same incentives as those that give charitable contributions to other organizations. In addition, the tax credit will increase the number of individuals that give blood and increase the blood supply.

LEGISLATIVE HISTORY : 2007-2008 - Investigations and Government Operations

FISCAL IMPLICATIONS : To be determined.

EFFECTIVE DATE : This act shall take effect immediately and shall apply to taxable years beginning on and after the first of January next succeeding the date on which it shall have become a law.

Text

STATE OF NEW YORK ________________________________________________________________________ 784 2009-2010 Regular Sessions IN SENATE January 15, 2009 ___________
Introduced by Sen. ALESI -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to providing a personal income tax credit for the donation of 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 (qq) to read as follows: (QQ) BLOOD DONATION TAX CREDIT. A RESIDENT TAXPAYER SHALL BE ALLOWED A CREDIT OF FIFTY DOLLARS UP TO A MAXIMUM OF TWO HUNDRED DOLLARS FOR DONATING BLOOD TO A QUALIFIED AGENCY. FOR THE PURPOSES OF THIS SUBSECTION, THE TERM "QUALIFYING AGENCY" SHALL INCLUDE, BUT NOT BE LIMITED TO, THE AMERICAN RED CROSS OR OTHER BLOOD BANKS. S 2. This act shall take effect immediately and shall apply to taxable years beginning on and after the first of January next succeeding the date on which it shall have become a law.

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