Bill Text: NY A07468 | 2019-2020 | General Assembly | Introduced
Bill Title: Provides a tax credit for certain taxpayers who suffer the birth of a stillborn child.
Spectrum: Slight Partisan Bill (Democrat 12-6)
Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A07468 Detail]
Download: New_York-2019-A07468-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7468 2019-2020 Regular Sessions IN ASSEMBLY May 6, 2019 ___________ Introduced by M. of A. BUCHWALD -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to providing a tax credit for certain taxpayers who suffer the birth of a stillborn child The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 606 of the tax law is amended by adding a new 2 subsection (jjj) to read as follows: 3 (jjj) Stillbirth tax credit. (1) A taxpayer shall be allowed a refund- 4 able credit against the tax imposed by this article equal to two thou- 5 sand dollars for the birth of a stillborn child, provided the stillborn 6 child would have been a dependent of the taxpayer as defined by section 7 152 of the Internal Revenue Code. The credit shall be allowed for the 8 taxable year in which a certificate of stillbirth is issued pursuant to 9 section four thousand one hundred sixty-a of the public health law. 10 (2) For purposes of this subsection, "birth of a stillborn child" 11 shall mean the birth of a child for whom a certificate of stillbirth has 12 been issued pursuant to section four thousand one hundred sixty-a of the 13 public health law. 14 § 2. This act shall take effect immediately and shall apply to taxable 15 years commencing on and after January 1, 2020. Effective immediately, 16 the addition, amendment and/or repeal of any rule or regulation neces- 17 sary for the implementation of this act on its effective date are 18 authorized to be made on or before such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09910-01-9