senate Bill S3292
(R, C, IP) 50th Senate District
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
Provides for a corporate franchise tax check-off and a personal income tax check-off for taxpayer gifts for diabetes research and education; establishes the diabetes research and education fund.
- See Assembly Version of this Bill:
- Legislative Cycle:
- Current Committee:
- Senate Rules
- Law Section:
- Tax Law
- Laws Affected:
- Add §§209-H & 630-c, Tax L; add §89-h, St Fin L
- Versions Introduced in Previous Legislative Cycles:
2009-2010: S1492A, A2732A
2007-2008: S1275, A2408
TITLE OF BILL:
to amend the tax law and the state finance law, in relation to providing
for taxpayer gifts for diabetes research and education and establishing
the diabetes research and education fund
PURPOSE OR GENERAL IDEA OF BILL:
Provides for corporate franchise tax and personal income tax
check-offs for taxpayer gifts for diabetes research and education.
This bill also establishes the diabetes fund.
SUMMARY OF SPECIFIC PROVISIONS:
Section one amends the tax law by adding a new
section 209-H to enable corporate tax payers to make
a contribution to the diabetes research and education fund. This
contribution can be made in any whole dollar amount and shall not reduce
the amount of the state tax owed by the taxpayer. In addition, this
section mandates that all revenues collected be credited to the
diabetes research and education fund, as
enumerated in the state finance law.
Section 2 amends the tax law by adding a new section 630-c to enable
personal taxpayers to make a contribution to the diabetes research
and education fund. This contribution can be made m any whole dollar
amount, and shall not reduce the amount of the state tax owed by the
taxpayer. In addition, this section mandates that all revenues
collected be credited to the diabetes research and education fund, as
enumerated in the state finance law.
Section 3 amends the state finance law by establishing a "diabetes
research and education fund" in the joint custody of the commissioner
of taxation and finance and the comptroller. This section also
declares that to the extent possible, the commissioner of health
shall ensure that all monies received during a fiscal year .are
expended prior to the end of that fiscal year on diabetes research and
Currently millions of New Yorkers are affected by diabetes, and there
is still no established cure. This bill would help to increase funds
for basic scientific research into a cure for diabetes, as well as
other important educational programs by simply making a donation on
either personal or corporate tax returns.
There are five other groups listed in the "voluntary
gifts/contributions" section of New York State tax law.
Allowing for a "diabetes research/education" category on New York
State personal and corporate income tax forms alongside these other
important categories will facilitate greater
funding for diabetes programs.
PRIOR LEGISLATIVE HISTORY:
05/13/02 Passed Assembly
06/09/03 Passed Assembly
03/10/04 Passed Assembly
05/23/05 Passed Assembly
04/04/06 Passed Assembly
02/26/08 Passed Assembly
05/11/09 Passed Assembly
03/18/10 Passed Assembly
It is expected that this bill could raise up to $1 million to be
deposited into the Diabetes Research and Education Fund.
This act shall take effect immediately.
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