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NY S07439
Bill
Status
6/14/2016
Primary Sponsor
Kemp Hannon
Click for details
AI Summary
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Resident taxpayers are allowed a one-time personal income tax credit of up to $10,000 for qualified expenses incurred while donating human organs for transplantation.
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Qualified expenses include unreimbursed travel expenses, lodging expenses, and lost wages directly related to the organ donation.
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Eligible organs for the credit are liver, pancreas, kidney, intestine, lung, or bone marrow.
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The credit may only be claimed in the tax year when the organ transplantation occurs and can be used only once during a taxpayer's lifetime.
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Part-year residents and non-resident taxpayers are ineligible for the credit, and a prior tax modification for organ donation expenses is repealed.
Legislative Description
Establishes a one-time personal income tax credit for up to $10,000 for the expenses incurred by a resident taxpayer in the course of donating his or her organs for transplantation; repeals the personal income tax modification, reducing federal adjusted income, for such expenses.
Last Action
referred to ways and means
6/14/2016