Bill Text: NY S02497 | 2015-2016 | General Assembly | Amended

New York Senate Bill 2497 (Prior Session Legislation)

Bill Title: Establishes the congressional chartered veterans service organizations fund and provides for gifts made to such fund on an individual's personal income tax return.

Sponsorship: Slight Partisan Bill (Democrat 3-1)

Status: (Introduced - Dead) 2016-03-14 - REPORTED AND COMMITTED TO FINANCE [S02497 Detail]

Download: New_York-2015-S02497-Amended.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                         2497--B
                               2015-2016 Regular Sessions
                    IN SENATE
                                    January 26, 2015
                                       ___________
        Introduced  by  Sens.  ADDABBO, LARKIN, LATIMER, PANEPINTO -- read twice
          and ordered printed, and when printed to be committed to the Committee
          on Veterans, Homeland Security and Military Affairs -- reported favor-
          ably from said committee and committed to the Committee on Finance  --
          committee  discharged,  bill amended, ordered reprinted as amended and
          recommitted to said committee  --  recommitted  to  the  Committee  on
          Veterans,  Homeland  Security  and Military Affairs in accordance with
          Senate Rule 6, sec. 8 -- committee discharged, bill  amended,  ordered
          reprinted as amended and recommitted to said committee
        AN  ACT  to  amend the tax law and the state finance law, in relation to
          gifts for the support  of  congressional  chartered  veterans  service
          organizations
          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-e  to
     2  read as follows:
     3    §  630-e.  Gift to the congressional chartered veterans service organ-
     4  izations fund. Effective for any tax year commencing on or after January
     5  first, two thousand sixteen, an individual may elect  to  contribute  to
     6  the  congressional chartered veterans service organizations fund created
     7  pursuant to section ninety-nine-y of  the  state  finance  law  for  the
     8  support  of  congressional chartered veterans service organizations, who
     9  help assist veterans in gaining access to the United  States  department
    10  of  veterans  affairs benefits and the New York state division of veter-
    11  ans' affairs benefits they are entitled to. Such contribution  shall  be
    12  in  any  whole dollar amount and shall not reduce the amount of tax owed
    13  by such individual. The commissioner shall include space on the personal
    14  income tax return to  enable  a  taxpayer  to  make  such  contribution.
    15  Notwithstanding any other provision of law, all revenue collected pursu-
    16  ant  to this section shall be credited to the fund and used only for the
    17  purposes of the congressional chartered veterans service organizations.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02797-05-6