Bill Text: NY A06106 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 6106

Introduced

Bill Title: Establishes a tax credit for full-time nurses and a tax credit for teaching nurses; provides that the amount of such credit shall be five hundred dollars.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-03 - referred to ways and means [A06106 Detail]

Download: New_York-2023-A06106-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________

                                          6106

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      April 3, 2023
                                       ___________

        Introduced by M. of A. CURRAN -- read once and referred to the Committee
          on Ways and Means

        AN ACT to amend the tax law, in relation to establishing certain credits
          against income tax for nurses

          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  two  new
     2  subsections (ooo) and (ppp) to read as follows:
     3    (ooo)  Credit  for full-time nurses. Beginning in taxable years begin-
     4  ning on or after January first, two  thousand  twenty-four,  a  taxpayer
     5  shall be allowed a credit against the tax imposed by this article, where
     6  the  taxpayer is licensed as a registered professional nurse or licensed
     7  practical nurse pursuant to  article  one  hundred  thirty-nine  of  the
     8  education  law  and  has  been employed on a full-time basis within this
     9  state as a nurse for not less than six months during the  taxable  year.
    10  The amount of such credit shall be five hundred dollars. For purposes of
    11  this  subsection,  the  term  "employed on a full-time basis" shall mean
    12  employment of not less than thirty hours per week.
    13    (ppp) Credit for teaching nurses. Beginning in taxable years beginning
    14  on or after January first, two thousand twenty-four, a taxpayer shall be
    15  allowed a credit against the tax imposed  by  this  article,  where  the
    16  taxpayer  is  licensed  as  a  registered professional nurse or licensed
    17  practical nurse pursuant to  article  one  hundred  thirty-nine  of  the
    18  education law and who teaches nursing at an institution of higher educa-
    19  tion for not less than six months during the taxable year. The amount of
    20  such  credit  shall  be  five  hundred  dollars.  For  purposes  of this
    21  subsection, the term "institution of higher education"  shall  mean  any
    22  institution  of  higher education or business, trade, technical or other
    23  occupational school, recognized and approved  by  the  regents,  or  any
    24  successor  organization,  of  the university of the state of New York or
    25  accredited by a nationally recognized accrediting agency or  association

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10574-01-3

        A. 6106                             2

     1  accepted  as  such by the regents, or any successor organization, of the
     2  university of the state of New York, which provides a  course  of  study
     3  leading  to  the  granting  of  a  post-secondary degree, certificate or
     4  diploma.
     5    § 2. This act shall take effect immediately.