Bill Text: NY A06854 | 2015-2016 | General Assembly | Amended

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Bill Title: Establishes a gift for preserving religious landmarks option on state income tax returns; establishes the "preserving religious landmarks fund" into which all revenue from such gifts shall be deposited; monies shall be used to provide annual grants to religious organizations which occupy and use a historic, inner-city house of worship, for the preservation of such houses of worship.

Spectrum: Partisan Bill (Democrat 9-0)

Status: (Introduced - Dead) 2016-04-07 - print number 6854a [A06854 Detail]

Download: New_York-2015-A06854-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6854--A
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                      April 6, 2015
                                       ___________
        Introduced  by M. of A. CRESPO -- Multi-Sponsored by -- M. of A. ARROYO,
          DAVILA, MOYA, PICHARDO, RAMOS, RIVERA, RODRIGUEZ,  SEPULVEDA  --  read
          once and referred to the Committee on Ways and Means -- recommitted to
          the  Committee  on  Ways and Means in accordance with Assembly Rule 3,
          sec. 2 -- committee discharged, bill  amended,  ordered  reprinted  as
          amended and recommitted to said committee
        AN  ACT  to  amend  the  tax law, in relation to establishing a gift for
          preserving religious landmarks on personal income tax forms; to  amend
          the  state  finance  law,  in  relation to establishing the preserving
          religious landmarks fund; and  to  amend  the  parks,  recreation  and
          historic preservation law, in relation to establishing a grant program
          to preserve inner-city houses of worship
          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  629-b  to
     2  read as follows:
     3    §  629-b.  Gift  for preserving religious landmarks. Effective for any
     4  tax year commencing on or after January first, two  thousand  seventeen,
     5  an  individual  in  any  taxable  year  may  elect  to contribute to the
     6  preserving religious landmarks fund. Such contribution shall be  in  any
     7  whole dollar amount and shall not reduce the amount of state tax owed by
     8  such  individual.  The  commissioner shall include space on the personal
     9  income tax return to  enable  a  taxpayer  to  make  such  contribution.
    10  Notwithstanding any other provision of law, all revenue collected pursu-
    11  ant  to this section shall be credited to the preserving religious land-
    12  marks fund and used only for those purposes enumerated in section  nine-
    13  ty-five-i of the state finance law.
    14    §  2. The state finance law is amended by adding a new section 95-i to
    15  read as follows:
    16    § 95-i. Preserving religious landmarks fund. 1. There is hereby estab-
    17  lished in the joint custody of the commissioner of taxation and  finance
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00371-03-6