Bill Text: NY A00779 | 2017-2018 | General Assembly | Introduced
Bill Title: Allows taxpayers to contribute to the tuition assistance program fund on personal income tax forms; establishes the gifts to the tuition assistance program fund.
Spectrum: Partisan Bill (Democrat 8-0)
Status: (Introduced - Dead) 2018-01-03 - referred to ways and means [A00779 Detail]
Download: New_York-2017-A00779-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 779 2017-2018 Regular Sessions IN ASSEMBLY January 9, 2017 ___________ Introduced by M. of A. BICHOTTE -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law and the state finance law, in relation to allowing taxpayers to contribute to the tuition assistance program on personal income tax returns The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The tax law is amended by adding a new section 630-e to 2 read as follows: 3 § 630-e. Gifts to the tuition assistance program. Effective for any 4 taxable year commencing on or after January first, two thousand twenty, 5 an individual in any taxable year may elect to contribute to the gifts 6 to the tuition assistance program fund established in section eighty-two 7 of the state finance law. Such contribution shall be in any whole dollar 8 amount and shall not reduce the amount of state tax owed by such indi- 9 vidual. The commissioner shall include space on the personal income tax 10 return to enable a taxpayer to make such contribution. Notwithstanding 11 any other provision of law all revenues collected pursuant to this 12 section shall be credited to the gifts to the tuition assistance program 13 fund; used in addition to, not to supplant, existing funding under the 14 tuition assistance program; and used for only those purposes enumerated 15 in section six hundred sixty-seven of the education law. 16 § 2. The state finance law is amended by adding a new section 82 to 17 read as follows: 18 § 82. Gifts to the tuition assistance program fund. 1. There is hereby 19 established in the joint custody of the state comptroller and the 20 commissioner of taxation and finance a special fund to be known as the 21 gifts to the tuition assistance program fund. 22 2. Such fund shall consist of all moneys received by the department of 23 taxation and finance from gifts to the tuition assistance program pursu- 24 ant to section six hundred thirty-e of the tax law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02123-01-7A. 779 2 1 3. Moneys in such fund shall be kept separately from and shall not be 2 commingled with any other moneys in the custody of the state comp- 3 troller. 4 4. Such moneys, after appropriation by the legislature, shall be 5 available to the president of the New York state higher education 6 services corporation for the distribution of tuition assistance program 7 awards. Notwithstanding any other provision of law, all revenues 8 collected pursuant to section six hundred thirty-e of the tax law shall 9 be credited to the gifts to the tuition assistance program fund, used in 10 addition to, not to supplant, existing funding under the tuition assist- 11 ance program and used for only those purposes enumerated in section six 12 hundred sixty-seven of the education law. 13 5. The moneys in such fund shall be appropriated and paid out on audit 14 and warrant of the comptroller on the certification of the commissioner 15 of education or such other officer or employee or officers or employees 16 as such comptroller and such commissioner shall authorize to make such 17 requisitions. 18 § 3. This act shall take effect on the first of January next succeed- 19 ing the date on which it shall have become a law and shall apply to 20 taxable years occurring on or after such date.
