Bill Text: NY A05440 | 2023-2024 | General Assembly | Introduced

Bill Title: Establishes credits against income tax for a teacher's unreimbursed expenditures for qualified supplies.

Spectrum: Strong Partisan Bill (Republican 22-2)

Status: (Introduced) 2023-06-08 - held for consideration in ways and means [A05440 Detail]

Download: New_York-2023-A05440-Introduced.html

                STATE OF NEW YORK


                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                     March 10, 2023

        Introduced  by M. of A. PALMESANO, BLANKENBUSH, DeSTEFANO, J. M. GIGLIO,
          SMULLEN,  TAGUE  -- Multi-Sponsored by -- M. of A. BRAUNSTEIN, BYRNES,
          read once and referred to the Committee on Ways and Means

        AN ACT to amend the tax law, in relation to establishing an  income  tax
          credit  for a teacher's unreimbursed expenditures for qualified class-
          room or teaching supplies

          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 (ooo) to read as follows:
     3    (ooo) Credit for a teacher's unreimbursed expenditures  for  qualified
     4  classroom  or  teaching  supplies.   (1) For purposes of this subsection
     5  "qualified expenditures for classroom or teaching supplies"  shall  mean
     6  expenditures  for  classroom books and other instructional materials and
     7  equipment used in elementary and secondary schools,  notebooks,  writing
     8  utensils  including  but not limited to pencils, pens, crayons and mark-
     9  ers, paper, teaching materials such as posters and supplies for  special
    10  projects,  and field trip costs. Classroom books and other instructional
    11  materials shall not include books and materials used in the teaching  of
    12  religious  tenets,  doctrines,  or  worship,  the purpose of which is to
    13  instill such tenets, doctrines, or worship, nor does it include books or
    14  materials for  extracurricular  activities  including  sporting  events,
    15  speech  activities,  driver's  education,  or similar programs, with the
    16  exception of musical or dramatic events or programs.
    17    (2) For taxable years beginning on or after January first,  two  thou-
    18  sand twenty-five, a qualified taxpayer shall be allowed a maximum credit
    19  of five hundred dollars annually against the tax imposed by this article
    20  for  qualified expenditures for classroom or teaching supplies in quali-
    21  fied elementary and secondary educational institutions, provided, howev-

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

        A. 5440                             2

     1  er, that the amount of such credit shall not exceed the tax  imposed  by
     2  section six hundred one of this part, for the taxable year. If the cred-
     3  it  exceeds  the  tax  as so reduced, the taxpayers may receive, and the
     4  comptroller,  subject to a certificate of the commissioner, shall pay to
     5  the taxpayer as an overpayment, without interest,  the  amount  of  such
     6  excess.
     7    § 2. This act shall take effect immediately and shall apply to taxable
     8  years beginning on or after January 1, 2025.