Bill Text: NY A02588 | 2011-2012 | General Assembly | Introduced

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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.

Sponsorship: Moderate Partisan Bill (Democrat 20-3)

Status: (Introduced - Dead) 2012-06-19 - held for consideration in ways and means [A02588 Detail]

Download: New_York-2011-A02588-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2588
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 19, 2011
                                      ___________
       Introduced  by  M.  of  A. HEASTIE, COLTON, BOYLAND, WEISENBERG, CRESPO,
         CAHILL, MILLMAN, PERRY, CASTRO, GIBSON, HOOPER,  J. RIVERA  --  Multi-
         Sponsored  by  --  M.  of  A. AMEDORE, COOK, GABRYSZAK, GIGLIO, GLICK,
         JEFFRIES, PHEFFER, SALADINO, SCHIMEL, SWEENEY, TITONE -- 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
         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. Part 2 of article 22 of the tax law is amended by adding a
    2  new section 630-c to read as follows:
    3    S 630-C. GIFTS TO THE TUITION ASSISTANCE PROGRAM.  EFFECTIVE  FOR  ANY
    4  TAXABLE  YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWELVE,
    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-ONE
    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    S  2.  The  state finance law is amended by adding a new section 81 to
   17  read as follows:
   18    S 81. 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.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01728-01-1
       A. 2588                             2
    1    2. SUCH FUND SHALL CONSIST OF ALL MONEYS RECEIVED BY THE DEPARTMENT OF
    2  TAXATION AND FINANCE FROM GIFTS TO THE TUITION ASSISTANCE PROGRAM PURSU-
    3  ANT TO SECTION SIX HUNDRED THIRTY-C OF THE TAX LAW.
    4    3.  MONEYS IN SUCH FUND SHALL BE KEPT SEPARATELY FROM AND SHALL NOT BE
    5  COMMINGLED WITH ANY OTHER MONEYS IN  THE  CUSTODY  OF  THE  STATE  COMP-
    6  TROLLER.
    7    4.  SUCH  MONEYS,  AFTER  APPROPRIATION  BY  THE LEGISLATURE, SHALL BE
    8  AVAILABLE TO THE PRESIDENT  OF  THE  NEW  YORK  STATE  HIGHER  EDUCATION
    9  SERVICES  CORPORATION FOR THE DISTRIBUTION OF TUITION ASSISTANCE PROGRAM
   10  AWARDS.   NOTWITHSTANDING ANY  OTHER  PROVISION  OF  LAW,  ALL  REVENUES
   11  COLLECTED  PURSUANT TO SECTION SIX HUNDRED THIRTY-C OF THE TAX LAW SHALL
   12  BE CREDITED TO THE GIFTS TO THE TUITION ASSISTANCE PROGRAM FUND, USED IN
   13  ADDITION TO, NOT TO SUPPLANT, EXISTING FUNDING UNDER THE TUITION ASSIST-
   14  ANCE PROGRAM AND USED FOR ONLY THOSE PURPOSES ENUMERATED IN SECTION  SIX
   15  HUNDRED SIXTY-SEVEN OF THE EDUCATION LAW.
   16    5. THE MONEYS IN SUCH FUND SHALL BE APPROPRIATED AND PAID OUT ON AUDIT
   17  AND  WARRANT OF THE COMPTROLLER ON THE CERTIFICATION OF THE COMMISSIONER
   18  OF EDUCATION OR SUCH OTHER OFFICER OR EMPLOYEE OR OFFICERS OR  EMPLOYEES
   19  AS  SUCH  COMPTROLLER AND SUCH COMMISSIONER SHALL AUTHORIZE TO MAKE SUCH
   20  REQUISITIONS.
   21    S 3. This act shall take effect on the first of January next  succeed-
   22  ing  the  date  on  which  it shall have become a law and shall apply to
   23  taxable years occurring on or after such date.