Bill Text: NY A07430 | 2013-2014 | General Assembly | Amended

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Bill Title: Establishes the homeless veterans assistance fund and authorizes gifts to such fund through a state income tax check-off.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2014-11-07 - signed chap.428 [A07430 Detail]

Download: New_York-2013-A07430-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        7430--A
                                                               Cal. No. 357
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                     May 16, 2013
                                      ___________
       Introduced  by  M.  of  A.  WEISENBERG  -- read once and referred to the
         Committee on Ways and Means -- advanced to a  third  reading,  amended
         and ordered reprinted, retaining its place on the order of third read-
         ing
       AN  ACT  to  amend the tax law and the state finance law, in relation to
         establishing the homeless veterans  assistance  fund  and  authorizing
         gifts to such fund through a state income tax check-off
         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  627-b  to
    2  read as follows:
    3    S  627-B.  GIFT FOR ASSISTING HOMELESS VETERANS. EFFECTIVE FOR ANY TAX
    4  YEAR COMMENCING ON OR AFTER JANUARY  FIRST,  TWO  THOUSAND  FIFTEEN,  AN
    5  INDIVIDUAL  IN  ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE HOMELESS
    6  VETERANS ASSISTANCE FUND. SUCH CONTRIBUTION SHALL BE IN ANY WHOLE DOLLAR
    7  AMOUNT AND SHALL NOT REDUCE THE AMOUNT OF STATE TAX OWED BY  SUCH  INDI-
    8  VIDUAL.  THE COMMISSIONER SHALL INCLUDE SPACE ON THE PERSONAL INCOME TAX
    9  RETURN TO ENABLE A TAXPAYER TO MAKE SUCH CONTRIBUTION.   NOTWITHSTANDING
   10  ANY  OTHER  PROVISION  OF  LAW  ALL  REVENUES COLLECTED PURSUANT TO THIS
   11  SECTION SHALL BE CREDITED TO THE HOMELESS VETERANS ASSISTANCE  FUND  AND
   12  USED  ONLY FOR THOSE PURPOSES ENUMERATED IN SECTION NINETY-NINE-V OF THE
   13  STATE FINANCE LAW.
   14    S 2. The state finance law is amended by adding a new section 99-v  to
   15  read as follows:
   16    S  99-V.  HOMELESS VETERANS ASSISTANCE FUND. 1. THERE IS HEREBY ESTAB-
   17  LISHED IN THE JOINT CUSTODY OF THE COMMISSIONER OF TAXATION AND FINANCE,
   18  THE NEW YORK STATE DIRECTOR OF VETERANS AFFAIRS AND THE  COMPTROLLER,  A
   19  SPECIAL FUND TO BE KNOWN AS THE "HOMELESS VETERANS ASSISTANCE FUND".
   20    2.  SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPARTMENT
   21  OF TAXATION AND FINANCE, PURSUANT  TO  THE  PROVISIONS  OF  SECTION  SIX
   22  HUNDRED  TWENTY-SEVEN-B  OF  THE TAX LAW, AND ALL OTHER MONEYS APPROPRI-
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10469-02-4
       A. 7430--A                          2
    1  ATED, CREDITED, OR TRANSFERRED THERETO FROM ANY  OTHER  FUND  OR  SOURCE
    2  PURSUANT TO LAW. FOR EACH STATE FISCAL YEAR, THERE SHALL BE APPROPRIATED
    3  TO THE FUND BY THE STATE, IN ADDITION TO ALL OTHER MONEYS REQUIRED TO BE
    4  DEPOSITED  INTO  SUCH  FUND,  AN  AMOUNT  EQUAL TO THE AMOUNTS OF MONEYS
    5  COLLECTED AND DEPOSITED INTO THE FUND PURSUANT TO  SECTION  SIX  HUNDRED
    6  TWENTY-SEVEN-B  OF  THE  TAX LAW, AND THE AMOUNTS OF MONEYS RECEIVED AND
    7  DEPOSITED INTO THE FUND FROM  GRANTS,  GIFTS  AND  BEQUESTS  DURING  THE
    8  PRECEDING  CALENDAR  YEAR,  AS  CERTIFIED BY THE COMPTROLLER. NOTHING IN
    9  THIS SECTION SHALL PREVENT  THE  STATE  FROM  SOLICITING  AND  RECEIVING
   10  GRANTS,  GIFTS  OR  BEQUESTS  FOR THE PURPOSES OF THE FUND AS DEFINED IN
   11  THIS SECTION AND DEPOSITING THEM INTO THE FUND ACCORDING TO LAW.
   12    3. ON OR BEFORE THE FIRST DAY OF FEBRUARY OF EACH CALENDAR  YEAR,  THE
   13  COMPTROLLER  SHALL  CERTIFY  TO THE GOVERNOR, THE TEMPORARY PRESIDENT OF
   14  THE SENATE, THE SPEAKER OF THE ASSEMBLY, THE CHAIR OF THE SENATE FINANCE
   15  COMMITTEE AND THE CHAIR OF THE ASSEMBLY WAYS AND  MEANS  COMMITTEE,  THE
   16  AMOUNT  OF  MONEY  DEPOSITED  IN  THE  HOMELESS VETERANS ASSISTANCE FUND
   17  DURING THE PRECEDING CALENDAR YEAR AS  THE  RESULT  OF  REVENUE  DERIVED
   18  PURSUANT  TO SECTION SIX HUNDRED TWENTY-SEVEN-B OF THE TAX LAW, AND FROM
   19  ALL GRANTS, GIFTS AND BEQUESTS.
   20    4. MONEYS OF THE FUND SHALL BE EXPENDED ONLY FOR  THE  ASSISTANCE  AND
   21  CARE  OF HOMELESS VETERANS, FOR HOUSING AND HOUSING-RELATED EXPENSES, AS
   22  DETERMINED BY THE DIVISION OF VETERANS AFFAIRS.
   23    5. MONEYS SHALL BE PAID OUT OF THE FUND ON THE AUDIT  AND  WARRANT  OF
   24  THE COMPTROLLER ON VOUCHERS APPROVED AND CERTIFIED BY THE NEW YORK STATE
   25  DIRECTOR  OF  VETERANS AFFAIRS. ANY INTEREST RECEIVED BY THE COMPTROLLER
   26  ON MONEYS ON DEPOSIT IN THE HOMELESS VETERANS ASSISTANCE FUND  SHALL  BE
   27  RETAINED IN AND BECOME PART OF SUCH FUND.
   28    S 3. This act shall take effect immediately and shall apply to taxable
   29  years beginning on or after January 1, 2015.