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A504Assembly2017-2018 Session

Tax Break for Coast Guard

Official title

“Grants a $3,000 personal income tax deduction to active members of the United States Coast Guard Auxiliary who have been active members for 5 or more years”

Sponsor Linda RosenthalAD-67Affects Finance
Status
In Assembly Committee
Ways And Means
Impact
4/10
Low
Passage
0%

Bill progress

Step 2 of 7

In committee · Ways And Means

What's happening

This bill creates a $3,000 personal tax deduction for New York residents who have been active members of the U.S. Coast Guard Auxiliary for at least five years.

Why it matters

  1. Provides financial recognition for volunteer service. By offering a $3,000 tax deduction, this bill acknowledges and values the unpaid service of New York residents who have dedicated at least five years to the U.S. Coast Guard Auxiliary, which often supports search-and-rescue, safety patrols, and disaster response.

  2. May incentivize long-term volunteerism. The five-year service requirement could encourage current and prospective volunteers to remain active longer, potentially strengthening the Auxiliary's ability to assist with maritime safety and emergency operations.

  3. Sets up an official certification process. The bill requires certification from the chief director of the Coast Guard Auxiliary to verify eligibility, which introduces a formal mechanism to ensure only qualifying members receive the deduction, potentially reducing fraud or misuse.

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Who cares

Headline styles

Tax Break for Coast Guard

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Linda Rosenthal

Assembly Member · Assembly District 67

No co-sponsors yet.

History

  1. Referred to ways and means
  2. Referred to ways and means

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

504

2017-2018 Regular Sessions

IN ASSEMBLY

January 9, 2017

Introduced by M. of A. ROSENTHAL -- read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to establishing a personal tax deduction for members of the United States Coast Guard Auxiliary

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Subsection (c) of section 612 of the tax law is amended by adding a new paragraph 42 to read as follows:

(42) Three thousand dollars for any taxpayer who, during the taxable year, was an enrolled and active member of the United States Coast Guard Auxiliary and has been so enrolled and active for five or more years. The taxpayer shall have been certified by the chief director of the United States Coast Guard Auxiliary as an enrolled and active member of the United States Coast Guard Auxiliary for at least five years. The commissioner shall determine the procedure for such certification.

§ 2. This act shall take effect on the first of January next succeeding the date on which it shall have become a law.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD04940-01-7

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.