Bill Text: NY A08759 | 2019-2020 | General Assembly | Introduced

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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

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                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