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NY A04737
Bill
Status
2/8/2013
Primary Sponsor
Andrew Raia
Click for details
AI Summary
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Allows physicians, dentists, and clinics in New York State to claim a tax credit for providing pro bono or charity care during the taxable year
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Credit amount equals the cost of care provided, limited to the lesser of five percent of net taxable income or $20,000
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Defines "clinic" to include any clinic located in New York State staffed by nurse practitioners and physician assistants
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Applies to taxpayers subject to tax under Article 9-A (corporation tax) and Article 22 (personal income tax)
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Takes effect immediately and applies to taxable years beginning on or after January 1, 2014
Legislative Description
Establishes the physicians, dentists and clinic charity care credit, in the amount of the cost of the care provided, up to five percent of the individuals or practices net taxable income or twenty thousand dollars, whichever is the lesser amount.
Last Action
held for consideration in ways and means
6/17/2014