BILL NUMBER: S3168
SPONSOR: FELDER
 
TITLE OF BILL:
An act to amend the tax law, in relation to establishing a tax credit
for certain volunteers providing at least twenty-five hours of service
during the year
 
SUMMARY OF SPECIFIC PROVISIONS:
The bill amends section 606 of tax law, creating subsection (000). This
new subsection would grant a tax credit to individuals or couples who
serves as active volunteer(s), donating 25 or more hours per year for an
established 501(c) (3) organization.
 
JUSTIFICATION:
This bill is intended to provide relief for current volunteers of
501(c)(3) organizations and encourage future volunteers for these organ-
izations that provide vital resources in some of our most underserved
communities.
 
PRIOR LEGISLATIVE HISTORY:
2015-2016: S.1534 Referred to investigations and government operations
2017-2018: S.4189 Referred to investigations and government operations
2019-2020: S.4831 Referred to budget and revenue
2021-2022: S.3344 Referred to budget and revenue
2023-2024: S.2046 Referred to budget and revenue
 
FISCAL IMPLICATIONS:
To be determined
 
EFFECTIVE DATE:
This act shall take effect immediately.

Statutes affected:
S3168: 606 tax law