Bill Text: NY S03709 | 2019-2020 | General Assembly | Introduced
Bill Title: Provides a tax credit for certain taxpayers who suffer the birth of a stillborn child.
Spectrum: Partisan Bill (Democrat 10-0)
Status: (Introduced - Dead) 2020-03-03 - REPORTED AND COMMITTED TO FINANCE [S03709 Detail]
Download: New_York-2019-S03709-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 3709 2019-2020 Regular Sessions IN SENATE February 13, 2019 ___________ Introduced by Sen. MAYER -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue 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