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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Reported and committed to finance
- Referred to investigations and government operations
Full text
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Sponsor's memo
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.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.