Bill Text: NY A03707 | 2019-2020 | General Assembly | Introduced

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Bill Title: Creates a tax credit for taxpayers who donate equipment or materials to first responder live training programs.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A03707 Detail]

Download: New_York-2019-A03707-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3707
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 30, 2019
                                       ___________
        Introduced  by M. of A. GUNTHER -- read once and referred to the Commit-
          tee on Ways and Means
        AN ACT to amend the tax law, in relation to creating a  tax  credit  for
          taxpayers  who  donate  equipment or materials to first responder live
          training programs
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. The tax law is amended by adding a new section 26-a to read
     2  as follows:
     3    § 26-a. First responder live training credit. (a) Allowance of credit.
     4  A  taxpayer subject to tax under articles nine, nine-a, or twenty-two of
     5  this chapter shall be allowed a credit against  such  tax  provided  the
     6  taxpayer donates equipment or materials to first responder live training
     7  programs.
     8    (b)  Value  of credit. The credit shall be equal to the residual value
     9  of the items as determined by generally accepted accounting  principles,
    10  not to exceed three thousand dollars per tax year.
    11    (c)  Definitions.  As  used in this section, the following terms shall
    12  have the following meanings:
    13    (1)  "first  responder"  shall  mean  local  police,  fire,  emergency
    14  services, and hospital or clinical staff; and
    15    (2) "live training program" shall mean any training program or session
    16  at  least  half  of which is scenario based and takes place outside of a
    17  classroom setting.
    18    (d)  Required  documentation.  The  taxpayer  must  submit  sufficient
    19  documentation  to  allow residual value of the donation to be determined
    20  to the satisfaction of the commissioner. The taxpayer must  also  submit
    21  proof that the donated items were desired by the organization sponsoring
    22  the relevant training program, and that such training programs did actu-
    23  ally occur.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01476-01-9
        A. 3707                             2
     1    (e)  When  credit  allowed. The credit provided for in subdivision (a)
     2  shall be allowed for any taxable year in which costs relating to  donat-
     3  ing or transporting equipment or materials are paid are incurred.
     4    (f) Destruction of donated materials. Nothing in this section shall be
     5  interpreted  to preclude donated items or materials from, with agreement
     6  of the relevant sponsoring organization, being moved to a wrecking  yard
     7  after  the training program has concluded; however, this must be done at
     8  the expense of the original owner or at  the  expense  of  the  wrecking
     9  yard.
    10    (g)  Cross-references.  For  application of the credit provided for in
    11  this section, see the following provisions of this chapter:
    12    (1) article 9: section 187-n.
    13    (2) article 9-a: section 210-b: subdivision 21.
    14    (3) article 22: section 606: subsection (ii).
    15    § 2. This act shall take effect on the ninetieth day  after  it  shall
    16  have  become  a  law; provided, however, that effective immediately, the
    17  commissioner of taxation and finance, in consultation with  the  commis-
    18  sioner  of health, is authorized and directed to promulgate any rules or
    19  regulations necessary for the implementation of this act on  its  effec-
    20  tive date.