AB1506 Summary:

COSPNSRAubry, Gunther, Hooper
MLTSPNSRCook, Hevesi
Amd 606, Tax L
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.
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AB1506 Actions:

01/12/2015referred to ways and means
01/06/2016referred to ways and means
01/21/2016amend and recommit to ways and means
01/21/2016print number 1506a
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AB1506 Text:

                STATE OF NEW YORK
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                    January 12, 2015
        Introduced  by M. of A. ZEBROWSKI, AUBRY, GUNTHER, HOOPER -- Multi-Spon-
          sored by -- M.  of A. COOK, HEVESI -- read once and  referred  to  the
          Committee  on  Ways  and Means -- recommitted to the Committee on Ways
          and Means in accordance with Assembly Rule  3,  sec.  2  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee
        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 (ccc) to read as follows:
     3    (ccc) 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    § 2. This act shall take effect immediately and shall apply to taxable
    22  years beginning on and after January 1, 2018.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
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