Bill Text: NY S05273 | 2019-2020 | General Assembly | Introduced

Bill Title: Provides a personal income tax credit in the amount of any fishing and/or hunting fees paid by members of the United States armed forces in active service.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2019-04-23 - REFERRED TO BUDGET AND REVENUE [S05273 Detail]

Download: New_York-2019-S05273-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                     April 23, 2019
        Introduced  by Sen. GALLIVAN -- 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 establishing  a  tax  credit
          for  certain  fishing  and  hunting fees paid by members of the United
          States armed forces in active service
          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) Hunting and fishing license fee credit. (1) Allowance and amount
     4  of credit. A taxpayer who is a member of the United States armed  forces
     5  in active service may claim a tax credit against the tax imposed by this
     6  article  in  the  amount  of  any  fees  paid for hunting and/or fishing
     7  licenses, privileges, tags, and permits issued pursuant to  title  seven
     8  of  article  eleven  of  the environmental conservation law. In no event
     9  shall the credit provided in this subsection be allowed in excess of the
    10  taxpayer's tax for such year.
    11    (2) Application of credit. If the amount of the  credit  shall  exceed
    12  the taxpayer's tax for such year the excess shall be carried over to the
    13  following year or years, and may be deducted from the taxpayer's tax for
    14  such year or years.
    15    § 2. This act shall take effect immediately and shall apply to taxable
    16  years beginning on or after January 1, 2021.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.