Bill Text: NY A02445 | 2013-2014 | General Assembly | Introduced

New York Assembly Bill 2445 (Prior Session Legislation)

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

Bill Title: Establishes the veterans service organizations fund and provides for gifts made to such fund on an individual's personal income tax return.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2014-01-28 - print number 2445a [A02445 Detail]

Download: New_York-2013-A02445-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2445
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 15, 2013
                                      ___________
       Introduced by M. of A. MILLER -- 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
         gifts for the support of the veterans of foreign wars service officers
         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 630-c to
    2  read as follows:
    3    S 630-C. GIFT TO THE VETERANS OF FOREIGN WARS SERVICE  OFFICERS  FUND.
    4  EFFECTIVE  FOR  ANY  TAX  YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO
    5  THOUSAND ELEVEN, AN INDIVIDUAL MAY ELECT TO CONTRIBUTE TO  THE  VETERANS
    6  OF  FOREIGN WARS SERVICE OFFICERS FUND CREATED PURSUANT TO SECTION NINE-
    7  TY-NINE-U OF THE STATE FINANCE LAW FOR THE SUPPORT OF  THE  VETERANS  OF
    8  FOREIGN  WARS  SERVICE  OFFICERS,  WHO  HELP  ASSIST VETERANS IN GAINING
    9  ACCESS TO DEPARTMENT OF VETERANS AFFAIRS BENEFITS THEY ARE ENTITLED  TO.
   10  SUCH  CONTRIBUTION  SHALL  BE  IN  ANY WHOLE DOLLAR AMOUNT AND SHALL NOT
   11  REDUCE THE AMOUNT OF TAX OWED BY SUCH INDIVIDUAL. THE COMMISSIONER SHALL
   12  INCLUDE SPACE ON THE PERSONAL INCOME TAX RETURN TO ENABLE A TAXPAYER  TO
   13  MAKE  SUCH CONTRIBUTION. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, ALL
   14  REVENUE COLLECTED PURSUANT TO THIS SECTION SHALL BE CREDITED TO THE FUND
   15  AND USED ONLY FOR THE PURPOSES OF THE VETERANS OF FOREIGN  WARS  SERVICE
   16  OFFICERS.
   17    S  2. The state finance law is amended by adding a new section 99-u to
   18  read as follows:
   19    S 99-U. VETERANS OF FOREIGN WARS SERVICE OFFICERS FUND.   1. THERE  IS
   20  HEREBY  CREATED  IN  THE  JOINT CUSTODY OF THE STATE COMPTROLLER AND THE
   21  COMMISSIONER OF TAXATION AND FINANCE A FUND TO BE KNOWN AS THE "VETERANS
   22  OF FOREIGN WARS SERVICE OFFICERS FUND".
   23    2. SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE  DEPARTMENT
   24  OF  TAXATION  AND  FINANCE,  PURSUANT  TO  THE PROVISIONS OF SECTION SIX
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01019-01-3
       A. 2445                             2
    1  HUNDRED THIRTY-C OF THE TAX LAW AND ALL OTHER MONEYS APPROPRIATED, CRED-
    2  ITED, OR TRANSFERRED THERETO FROM ANY OTHER FUND OR SOURCE  PURSUANT  TO
    3  LAW. FOR EACH STATE FISCAL YEAR, THERE SHALL BE APPROPRIATED TO THE FUND
    4  BY  THE  STATE, IN ADDITION TO ALL OTHER MONEYS REQUIRED TO BE DEPOSITED
    5  INTO SUCH FUND, AS AMOUNT EQUAL TO THE AMOUNTS OF MONEYS  COLLECTED  AND
    6  DEPOSITED  INTO THE FUND PURSUANT TO SECTION SIX HUNDRED THIRTY-C OF THE
    7  TAX LAW DURING THE PRECEDING CALENDAR YEAR, AS CERTIFIED  BY  THE  COMP-
    8  TROLLER. NOTHING CONTAINED HEREIN SHALL PREVENT THE STATE FROM RECEIVING
    9  GRANTS,  GIFTS  OR  BEQUESTS  FOR THE PURPOSES OF THE FUND AS DEFINED IN
   10  THIS SECTION AND DEPOSITING THEM INTO THE FUND ACCORDING TO LAW.
   11    3. MONEYS OF THE FUND MAY BE INVESTED BY THE  STATE  COMPTROLLER,  AND
   12  INCOME FROM THE INVESTMENTS OF MONEYS DEPOSITED TO THIS FUND PURSUANT TO
   13  SECTION  SIX HUNDRED THIRTY-C OF THE TAX LAW SHALL BE CREDITED SOLELY TO
   14  THIS FUND.
   15    S 3. This act shall take effect immediately.