A 5805: 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.

  
  STATE OF NEW YORK ________________________________________________________________________ 5805 2025-2026 Regular Sessions  IN ASSEMBLY February 20, 2025 ___________ Introduced by M. of A. NORBER -- 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 (qqq) and (rrr) to read as follows: 3 (qqq) Credit for full-time nurses. Beginning in taxable years begin- 4 ning on or after January first, two thousand twenty-six, 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 (rrr) Credit for teaching nurses. Beginning in taxable years beginning 14 on or after January first, two thousand twenty-six, 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. LBD09781-01-5 
 A. 5805 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.