S T A T E O F N E W Y O R K ________________________________________________________________________ 1836--A 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, ROBERTS, SOLAGES, JAFFEE -- Multi-Sponsored by -- M. of A. BARRON, CERETTO, COLTON, CORWIN, DINOW- ITZ, DUPREY, FINCH, GABRYSZAK, GIGLIO, HAWLEY, HOOPER, LAVINE, P. LOPEZ, LUPINACCI, MAISEL, McDONALD, McDONOUGH, McKEVITT, ORTIZ, PEOPLES-STOKES, RAIA, RIVERA, SALADINO, SWEENEY, THIELE, WEISENBERG -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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-I to 2 read as follows: 3 S 209-I. 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-d to read as 16 follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02863-02-3 A. 1836--A 2 1 S 630-D. GIFT TO THE LOVE YOUR LIBRARY FUND. EFFECTIVE FOR ANY TAX 2 YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN, AN 3 INDIVIDUAL IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE LOVE YOUR 4 LIBRARY FUND. SUCH CONTRIBUTION SHALL BE IN ANY WHOLE DOLLAR AMOUNT AND 5 SHALL NOT REDUCE THE AMOUNT OF STATE TAX OWED BY SUCH INDIVIDUAL. THE 6 COMMISSIONER SHALL INCLUDE SPACE ON THE PERSONAL INCOME TAX RETURN TO 7 ENABLE A TAXPAYER TO MAKE SUCH CONTRIBUTION. NOTWITHSTANDING ANY OTHER 8 PROVISION OF LAW ALL REVENUES COLLECTED PURSUANT TO THIS SECTION SHALL 9 BE CREDITED TO THE LOVE YOUR LIBRARY FUND AND USED ONLY FOR THOSE 10 PURPOSES ENUMERATED IN SECTION NINETY-NINE-L OF THE STATE FINANCE LAW, 11 AS ADDED BY CHAPTER THREE HUNDRED THREE OF THE LAWS OF TWO THOUSAND 12 FOUR. 13 S 3. Subdivision 2 of section 99-l of the state finance law, as added 14 by chapter 303 of the laws of 2004, is amended to read as follows: 15 2. Such fund shall consist of all revenues received by the department 16 of motor vehicles pursuant to section four hundred four-v of the vehicle 17 and traffic law, AS ADDED BY CHAPTER THREE HUNDRED THREE OF THE LAWS OF 18 TWO THOUSAND FOUR, ALL THE REVENUES RECEIVED BY THE DEPARTMENT OF TAXA- 19 TION AND FINANCE PURSUANT TO SECTIONS TWO HUNDRED NINE-I AND SIX HUNDRED 20 THIRTY-D OF THE TAX LAW and all other moneys appropriated, credited, or 21 transferred thereto from any other fund or source pursuant to law. 22 S 4. This act shall take effect immediately.