What's happening
This bill creates a tax credit for physicians, dentists, and clinics in New York who provide pro bono or charity care.
Why it matters
Creates a financial incentive for healthcare providers. to offer free or reduced-cost care by allowing them to claim a tax credit for the value of pro bono or charity services, potentially increasing access to medical and dental care for underserved populations.
Caps the tax credit at the lesser of 5% of the provider's net taxable income or $20,000 per year,. which could make it most attractive to small- and mid-sized practices, while still setting a clear fiscal limit on the benefit.
Expands eligibility beyond physicians and dentists to include clinics staffed by nurse practitioners and physician assistants,. potentially broadening the geographic and professional reach of free or charitable care, especially in areas with limited access to doctors.
Allows any unused portion of the credit to be refunded or carried forward,. making it more likely that providers can fully benefit from the incentive even if their tax liability is low in a given year, which may encourage more providers to participate.
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Who cares
Headline styles
Tax Credit for Charity Care
Plain English, a few words. Used as the page title.
Sponsors
History
- Held for consideration in ways and means
- Referred to ways and means
- Referred to ways and means
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3305
2017-2018 Regular Sessions
IN ASSEMBLY
January 27, 2017
Introduced by M. of A. RAIA, GOODELL, SALADINO, MONTESANO, GRAF, LALOR, FINCH -- Multi-Sponsored by -- M. of A. BARCLAY, CROUCH, DiPIETRO, HAWLEY, JOHNS, LOPEZ, M. G. MILLER, THIELE -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to establishing the physicians, dentists and clinics charity care credit
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The tax law is amended by adding a new section 43 to read as follows:
§ 43. Physicians, dentists and clinics charity care credit. (a) Allowance of credit. A taxpayer subject to tax under article nine-A or twenty-two of this chapter shall be allowed a credit against such tax, pursuant to the provisions referenced in subdivision (c) of this section. The amount of the credit shall be cost of the care provided up to five percent of the individuals' or practices' net taxable income or twenty thousand dollars, whichever is the lesser amount.
(b) Definition. The term "clinic" means any clinic located within New York state, including clinics staffed by nurse practitioners and physician assistants.
(c) Cross-references. For application of the credit provided for in this section, see the following provisions of this chapter:
(1) Article 9-A: Section 210-B, subdivision 52
(2) Article 22: Section 606, subsections (i) and (ccc)
§ 2. Section 210-B of the tax law is amended by adding a new subdivision 52 to read as follows:
52. Physicians, dentists and clinics charity care credit. (a) Allowance of credit. A taxpayer shall be allowed a credit against the tax imposed by this article in an amount to be computed as hereinafter provided, for physicians, dentists and clinics providing pro bono or charity care during the taxable year.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06878-01-7
A. 3305 2
(b) Definition. The term "clinic" means any clinic located within New York state, including clinics staffed by nurse practitioners and physician assistants.
(c) Amount of credit. The amount of the credit shall be the care provided up to five percent of the individuals' or practices' net taxable income or twenty thousand dollars, whichever is the lesser amount.
§ 3. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law is amended by adding a new clause (xliii) to read as follows:
(xliii) Credit for physicians, Amount of credit dentists and clinics who under subdivision provide pro bono or fifty-two of section charity care to individuals two hundred ten-B under subsection (ccc)
§ 4. Section 606 of the tax law is amended by adding a new subsection (ccc) to read as follows:
(ccc) Physicians, dentists and clinics charity care credit. (1) Allowance of credit. A taxpayer shall be allowed a credit against the tax imposed by this article in an amount to be computed as provided in subdivision fifty-two of section two hundred ten-B of this chapter, for physicians, dentists and clinics providing pro bono or charity care during the taxable year.
(2) Definition. The term "clinic" means any clinic located within New York state, including clinics staffed by nurse practitioners and physician assistants.
(3) Application of credit. If the amount of the credit allowed under this subsection for any taxable year shall exceed the taxpayer's tax for such year, the excess shall be treated as an overpayment of tax to be credited or refunded in accordance with the provisions of section six hundred eighty-six of this article, provided, however, that no interest shall be paid thereon.
§ 5. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2018.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
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