Bill Text: NY S04760 | 2013-2014 | General Assembly | Amended
Bill Title: Establishes the homeless veterans assistance fund and authorizes gifts to such fund through a state income tax check-off.
Spectrum: Slight Partisan Bill (Republican 11-4)
Status: (Introduced - Dead) 2014-06-16 - SUBSTITUTED BY A7430A [S04760 Detail]
Download: New_York-2013-S04760-Amended.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 4760--A 2013-2014 Regular Sessions I N S E N A T E April 22, 2013 ___________ Introduced by Sens. MARTINS, ZELDIN, ADDABBO, AVELLA, CARLUCCI, DeFRAN- CISCO, FLANAGAN, GRISANTI, LARKIN, RANZENHOFER, TKACZYK -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Security and Military Affairs -- 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 commit- tee 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, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10469-03-4 S. 4760--A 2 1 THE NEW YORK STATE DIRECTOR OF VETERANS AFFAIRS AND THE COMPTROLLER, A 2 SPECIAL FUND TO BE KNOWN AS THE "HOMELESS VETERANS ASSISTANCE FUND". 3 2. SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPARTMENT 4 OF TAXATION AND FINANCE, PURSUANT TO THE PROVISIONS OF SECTION SIX 5 HUNDRED TWENTY-SEVEN-B OF THE TAX LAW, AND ALL OTHER MONEYS APPROPRI- 6 ATED, CREDITED, OR TRANSFERRED THERETO FROM ANY OTHER FUND OR SOURCE 7 PURSUANT TO LAW. FOR EACH STATE FISCAL YEAR, THERE SHALL BE APPROPRIATED 8 TO THE FUND BY THE STATE, IN ADDITION TO ALL OTHER MONEYS REQUIRED TO BE 9 DEPOSITED INTO SUCH FUND, AN AMOUNT EQUAL TO THE AMOUNTS OF MONEYS 10 COLLECTED AND DEPOSITED INTO THE FUND PURSUANT TO SECTION SIX HUNDRED 11 TWENTY-SEVEN-B OF THE TAX LAW, AND THE AMOUNTS OF MONEYS RECEIVED AND 12 DEPOSITED INTO THE FUND FROM GRANTS, GIFTS AND BEQUESTS DURING THE 13 PRECEDING CALENDAR YEAR, AS CERTIFIED BY THE COMPTROLLER. NOTHING IN 14 THIS SECTION SHALL PREVENT THE STATE FROM SOLICITING AND RECEIVING 15 GRANTS, GIFTS OR BEQUESTS FOR THE PURPOSES OF THE FUND AS DEFINED IN 16 THIS SECTION AND DEPOSITING THEM INTO THE FUND ACCORDING TO LAW. 17 3. ON OR BEFORE THE FIRST DAY OF FEBRUARY OF EACH CALENDAR YEAR, THE 18 COMPTROLLER SHALL CERTIFY TO THE GOVERNOR, THE TEMPORARY PRESIDENT OF 19 THE SENATE, THE SPEAKER OF THE ASSEMBLY, THE CHAIR OF THE SENATE FINANCE 20 COMMITTEE AND THE CHAIR OF THE ASSEMBLY WAYS AND MEANS COMMITTEE, THE 21 AMOUNT OF MONEY DEPOSITED IN THE HOMELESS VETERANS ASSISTANCE FUND 22 DURING THE PRECEDING CALENDAR YEAR AS THE RESULT OF REVENUE DERIVED 23 PURSUANT TO SECTION SIX HUNDRED TWENTY-SEVEN-B OF THE TAX LAW, AND FROM 24 ALL GRANTS, GIFTS AND BEQUESTS. 25 4. MONEYS OF THE FUND SHALL BE EXPENDED ONLY FOR THE ASSISTANCE AND 26 CARE OF HOMELESS VETERANS, FOR HOUSING AND HOUSING-RELATED EXPENSES, AS 27 DETERMINED BY THE DIVISION OF VETERANS AFFAIRS. 28 5. MONEYS SHALL BE PAID OUT OF THE FUND ON THE AUDIT AND WARRANT OF 29 THE COMPTROLLER ON VOUCHERS APPROVED AND CERTIFIED BY THE NEW YORK STATE 30 DIRECTOR OF VETERANS AFFAIRS. ANY INTEREST RECEIVED BY THE COMPTROLLER 31 ON MONEYS ON DEPOSIT IN THE HOMELESS VETERANS ASSISTANCE FUND SHALL BE 32 RETAINED IN AND BECOME PART OF SUCH FUND. 33 S 3. This act shall take effect immediately and shall apply to taxable 34 years beginning on or after January 1, 2015.