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History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides for a tax deduction not to exceed two hundred dollars for monetary gifts to a library as defined under section 253 of the education law
In Assembly Committee · Ways And Means · Sponsor Barbara Clark
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Bill number
S1497
Title of bill
An act to amend the tax law, in relation to making monetary gifts to libraries
Purpose
To encourage private donations to public libraries.
Summary of provisions
Section 1 -- Adds a new paragraph 39 to subsection (c) of section 612 of the Tax Law. This paragraph creates a personal income tax credit of up to $200 for donations made to public libraries. The paragraph specifies what materials the donation must be used to purchase.
Section 2 -- Effective date.
Justification
Public libraries provide a tremendous service to their communities. Unfortunately, throughout New York State, public libraries, like many other public institutions, are facing financial difficulties.
This legislation creates a $200 personal income tax credit for those who make contributions to libraries. This tax credit will encourage New Yorkers to provide badly needed assistance to these very important institutions.
Prior legislative history
A.81/S.565 of 2007-2008 A.1787 of 2005-2006 A.6875 of 2003-2004 A.3023 of 2001-2002 A.5681 of 1999-2000 A.4325/S.2650-A of 1998-1999 A.8255-A/S.6426 of 1995-1996
Fiscal implications
Undetermined.
Effective date
This act shall take effect immediately and shall apply to tax years beginning on or after January 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.