Bill Text: NY A07253 | 2009-2010 | General Assembly | Amended


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 37-16)

Status: (Vetoed) 2010-08-16 - tabled [A07253 Detail]

Download: New_York-2009-A07253-Amended.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        7253--A
                                                               Cal. No. 484
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 26, 2009
                                      ___________
       Introduced  by  M.  of A. GALEF, PAULIN, PERRY, MILLMAN, BOYLAND, CLARK,
         MAGEE, PERALTA, ROBINSON, KOON, BENJAMIN, SCHIMMINGER, BING,  GUNTHER,
         CASTRO,  SPANO  --  Multi-Sponsored  by  -- M. of A. ALFANO, BACALLES,
         BARRA, BARRON, CANESTRARI, COLTON, CORWIN, DelMONTE, DINOWITZ, DUPREY,
         ESPAILLAT, FINCH, GABRYSZAK, GIGLIO, HAWLEY, LAVINE, P. LOPEZ, MAISEL,
         MAYERSOHN,   McENENY,   McKEVITT,    J. MILLER,    MOLINARO,    ORTIZ,
         PEOPLES-STOKES,   PHEFFER,   RAIA,   REILLY,   J. RIVERA,   N. RIVERA,
         P. RIVERA, SAYWARD, SCHROEDER, SWEENEY, THIELE,  TOWNSEND,  WEISENBERG
         --  read  once  and  referred  to  the  Committee on Ways and Means --
         reported from committee, advanced to  a  third  reading,  amended  and
         ordered reprinted, retaining its place on the order of third reading
       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 ELEVEN, 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:
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01648-02-0
       A. 7253--A                          2
    1    S  630-C.  GIFT  TO  THE LOVE YOUR LIBRARY FUND. EFFECTIVE FOR ANY TAX
    2  YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND ELEVEN, AN INDI-
    3  VIDUAL 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-H AND SIX HUNDRED
   20  THIRTY-C 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.
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