Bill Text: NY S01898 | 2023-2024 | General Assembly | Introduced

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Bill Title: Requires the commissioner of taxation and finance to include space on the personal income tax return to enable a taxpayer to make a contribution to the cure childhood cancer research fund.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2023-10-25 - SIGNED CHAP.582 [S01898 Detail]

Download: New_York-2023-S01898-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1898

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 17, 2023
                                       ___________

        Introduced  by Sen. STAVISKY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue

        AN ACT to amend the tax law and the state finance law,  in  relation  to
          providing taxpayer gifts for the cure childhood cancer research 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-l  to
     2  read as follows:
     3    §  630-l.  Gift for cure childhood cancer research fund. Effective for
     4  any tax year commencing on or after January first, two thousand  twenty-
     5  four, a taxpayer in any taxable year may elect to contribute to the cure
     6  childhood  cancer  research fund established pursuant to section ninety-
     7  nine-z of the state finance law. Such contribution shall be in any whole
     8  dollar amount and shall not reduce the amount of state tax owed by  such
     9  taxpayer.  The  commissioner  shall include space on the personal income
    10  tax return to enable a taxpayer to make such contribution. Notwithstand-
    11  ing any other provision of law, all revenues collected pursuant to  this
    12  section shall be credited to the cure childhood cancer research fund and
    13  used  only for those purposes enumerated in section ninety-nine-z of the
    14  state finance law.
    15    § 2. Subdivision 2 of section 99-z of the state finance law, as  added
    16  by chapter 443 of the laws of 2016, is amended to read as follows:
    17    2.  Such  fund  shall consist of all revenues received pursuant to the
    18  provisions of section four hundred four-cc of the  vehicle  and  traffic
    19  law, all the revenues received by the department of taxation and finance
    20  pursuant  to  section  six hundred thirty-l of the tax law and all other
    21  moneys appropriated, credited or transferred thereto from any other fund
    22  or source pursuant to law. Nothing contained herein  shall  prevent  the
    23  state  from  receiving grants, gifts or bequests for the purposes of the
    24  fund as defined in this  section  and  depositing  them  into  the  fund
    25  according to law.
    26    § 3. This act shall take effect immediately and shall apply to all tax
    27  years commencing on and after January 1, 2024.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05075-01-3