•  Summary 
  •  
  •  Actions 
  •  
  •  Committee Votes 
  •  
  •  Floor Votes 
  •  
  •  Memo 
  •  
  •  Text 
  •  
  •  LFIN 
  •  
  •  Chamber Video/Transcript 

A04977 Summary:

BILL NOA04977
 
SAME ASNo Same As
 
SPONSORPalmesano
 
COSPNSRHawley, Ra, Giglio JM, Barnwell, Blankenbush, Brabenec, DeStefano, Manktelow, Miller M, Morinello, Norris, Reilly, Salka, Sayegh, Smullen, Tague, Lemondes
 
MLTSPNSRAshby, Braunstein, Byrnes, DiPietro, Friend, Goodell, McDonough, Mikulin, Miller B, Montesano, Smith, Walsh
 
Amd §606, Tax L
 
Establishes credits against income tax for a teacher's unreimbursed expenditures for qualified supplies.
Go to top

A04977 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4977
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 9, 2021
                                       ___________
 
        Introduced  by  M.  of A. PALMESANO, HAWLEY, RA, J. M. GIGLIO, BARNWELL,
          BLANKENBUSH, BRABENEC,  DeSTEFANO,  MANKTELOW,  M. MILLER,  MORINELLO,
          NORRIS, REILLY, SALKA, SAYEGH, SMULLEN, TAGUE -- Multi-Sponsored by --
          M.  of  A. ASHBY, BRAUNSTEIN, BYRNES, DiPIETRO, FRIEND, GOODELL, McDO-
          NOUGH, MIKULIN, B. MILLER, MONTESANO, SMITH, WALSH --  read  once  and
          referred to the Committee on Ways and Means
 
        AN  ACT  to amend the tax law, in relation to establishing an income tax
          credit for a teacher's unreimbursed expenditures for qualified  class-
          room or teaching supplies
 
          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 (kkk) to read as follows:
     3    (kkk)  Credit  for a teacher's unreimbursed expenditures for qualified
     4  classroom or teaching supplies.   (1) For purposes  of  this  subsection
     5  "qualified  expenditures  for classroom or teaching supplies" shall mean
     6  expenditures for classroom books and other instructional  materials  and
     7  equipment  used  in elementary and secondary schools, notebooks, writing
     8  utensils including but not limited to pencils, pens, crayons  and  mark-
     9  ers,  paper, teaching materials such as posters and supplies for special
    10  projects, and field trip costs. Classroom books and other  instructional
    11  materials  shall not include books and materials used in the teaching of
    12  religious tenets, doctrines, or worship, the  purpose  of  which  is  to
    13  instill such tenets, doctrines, or worship, nor does it include books or
    14  materials  for  extracurricular  activities  including  sporting events,
    15  speech activities, driver's education, or  similar  programs,  with  the
    16  exception of musical or dramatic events or programs.
    17    (2)  For  taxable years beginning on or after January first, two thou-
    18  sand twenty-three, a qualified taxpayer shall be allowed a maximum cred-
    19  it of five hundred dollars annually against  the  tax  imposed  by  this
    20  article for qualified expenditures for classroom or teaching supplies in
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08020-01-1

        A. 4977                             2
 
     1  qualified  elementary  and secondary educational institutions, provided,
     2  however, that the amount of such credit shall not exceed the tax imposed
     3  by section six hundred one of this part, for the taxable  year.  If  the
     4  credit exceeds the tax as so reduced, the taxpayers may receive, and the
     5  comptroller,  subject to a certificate of the commissioner, shall pay to
     6  the taxpayer as an overpayment, without interest,  the  amount  of  such
     7  excess.
     8    § 2. This act shall take effect immediately and shall apply to taxable
     9  years beginning on or after January 1, 2023.
Go to top