Bill Text: NY A08759 | 2019-2020 | General Assembly | Introduced
Bill Title: Authorizes a personal income tax deduction for student athlete income from licensing the taxpayer's name, image, or likeness not in excess of forty thousand dollars.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A08759 Detail]
Download: New_York-2019-A08759-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8759 2019-2020 Regular Sessions IN ASSEMBLY November 25, 2019 ___________ Introduced by M. of A. SAYEGH -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to authorizing a personal income tax deduction for certain student athlete income The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (c) of section 612 of the tax law is amended by 2 adding a new paragraph 43 to read as follows: 3 (43) Income not in excess of forty thousand dollars earned from 4 licensing the taxpayer's name, image, or likeness where the taxpayer was 5 enrolled at a college and participated in organized sports for the 6 college at some point during the taxable year. 7 § 2. This act shall take effect immediately and shall apply to taxable 8 years beginning on or after January 1, 2020. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14114-01-9