Bill Text: NY A01836 | 2013-2014 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Allows a taxpayer to elect to contribute a gift to the love your library fund on corporate and personal income tax return forms.

Spectrum: Slight Partisan Bill (Democrat 23-12)

Status: (Engrossed - Dead) 2014-02-11 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [A01836 Detail]

Download: New_York-2013-A01836-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1836
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced  by  M.  of A. GALEF, PAULIN, PERRY, MILLMAN, BOYLAND, CLARK,
         MAGEE, ROBINSON, GUNTHER, SCHIMMINGER, CASTRO, ROBERTS --  Multi-Spon-
         sored  by  --  M.  of  A.  BARRON,  CERETTO, COLTON, CORWIN, DINOWITZ,
         DUPREY, FINCH, GABRYSZAK,  GIGLIO,  HAWLEY,  HOOPER,  LAVINE,  MAISEL,
         McKEVITT,  ORTIZ, PEOPLES-STOKES, RAIA, RIVERA, SWEENEY, THIELE, WEIS-
         ENBERG -- read once and referred to the Committee on Ways and Means
       AN ACT to amend the tax law and the state finance law,  in  relation  to
         the love your library fund
         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  209-H  to
    2  read as follows:
    3    S  209-H.  GIFT  TO  THE LOVE YOUR LIBRARY FUND. EFFECTIVE FOR ANY TAX
    4  YEAR COMMENCING ON OR AFTER JANUARY  FIRST,  TWO  THOUSAND  FOURTEEN,  A
    5  TAXPAYER  IN  ANY  TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE LOVE YOUR
    6  LIBRARY FUND. SUCH CONTRIBUTION SHALL BE IN ANY WHOLE DOLLAR AMOUNT  AND
    7  SHALL  NOT REDUCE THE AMOUNT OF THE STATE TAX OWED BY SUCH TAXPAYER. THE
    8  COMMISSIONER SHALL INCLUDE SPACE ON THE CORPORATE INCOME TAX  RETURN  TO
    9  ENABLE  A  TAXPAYER TO MAKE SUCH CONTRIBUTION. NOTWITHSTANDING ANY OTHER
   10  PROVISION OF LAW, ALL REVENUES COLLECTED PURSUANT TO THIS SECTION  SHALL
   11  BE  CREDITED  TO  THE  LOVE YOUR LIBRARY FUND AND SHALL BE USED ONLY FOR
   12  THOSE PURPOSES ENUMERATED IN SECTION NINETY-NINE-L OF THE STATE  FINANCE
   13  LAW, AS ADDED BY CHAPTER THREE HUNDRED THREE OF THE LAWS OF TWO THOUSAND
   14  FOUR.
   15    S  2.  The tax law is amended by adding a new section 630-c to read as
   16  follows:
   17    S 630-C. GIFT TO THE LOVE YOUR LIBRARY FUND.  EFFECTIVE  FOR  ANY  TAX
   18  YEAR  COMMENCING  ON  OR  AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN, AN
   19  INDIVIDUAL IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE LOVE  YOUR
   20  LIBRARY  FUND. SUCH CONTRIBUTION SHALL BE IN ANY WHOLE DOLLAR AMOUNT AND
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02863-01-3
       A. 1836                             2
    1  SHALL NOT REDUCE THE AMOUNT OF STATE TAX OWED BY  SUCH  INDIVIDUAL.  THE
    2  COMMISSIONER  SHALL  INCLUDE  SPACE ON THE PERSONAL INCOME TAX RETURN TO
    3  ENABLE A TAXPAYER TO MAKE SUCH CONTRIBUTION. NOTWITHSTANDING  ANY  OTHER
    4  PROVISION  OF  LAW ALL REVENUES COLLECTED PURSUANT TO THIS SECTION SHALL
    5  BE CREDITED TO THE LOVE YOUR  LIBRARY  FUND  AND  USED  ONLY  FOR  THOSE
    6  PURPOSES  ENUMERATED  IN SECTION NINETY-NINE-L OF THE STATE FINANCE LAW,
    7  AS ADDED BY CHAPTER THREE HUNDRED THREE OF  THE  LAWS  OF  TWO  THOUSAND
    8  FOUR.
    9    S  3. Subdivision 2 of section 99-l of the state finance law, as added
   10  by chapter 303 of the laws of 2004, is amended to read as follows:
   11    2. Such fund shall consist of all revenues received by the  department
   12  of motor vehicles pursuant to section four hundred four-v of the vehicle
   13  and  traffic law, AS ADDED BY CHAPTER THREE HUNDRED THREE OF THE LAWS OF
   14  TWO THOUSAND FOUR, ALL THE REVENUES RECEIVED BY THE DEPARTMENT OF  TAXA-
   15  TION AND FINANCE PURSUANT TO SECTIONS TWO HUNDRED NINE-H AND SIX HUNDRED
   16  THIRTY-C  OF THE TAX LAW and all other moneys appropriated, credited, or
   17  transferred thereto from any other fund or source pursuant to law.
   18    S 4. This act shall take effect immediately.