S T A T E O F N E W Y O R K
________________________________________________________________________
947
2009-2010 Regular Sessions
I N S E N A T E
January 22, 2009
___________
Introduced by Sen. FARLEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law and the state finance law, in relation to
providing a tax checkoff box on personal income tax returns for gifts
to the love your library fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The tax law is amended by adding a new section 630-b to
read as follows:
S 630-B. GIFT FOR LOVE YOUR LIBRARY FUND. EFFECTIVE FOR ANY TAX YEAR
COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND ELEVEN, AN INDIVIDUAL
IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE LOVE YOUR LIBRARY
FUND ESTABLISHED PURSUANT TO SECTION NINETY-NINE-L OF THE STATE FINANCE
LAW. SUCH CONTRIBUTION SHALL BE IN ANY WHOLE DOLLAR AMOUNT AND SHALL NOT
REDUCE THE AMOUNT OF STATE TAX OWED BY SUCH INDIVIDUAL. THE COMMISSIONER
SHALL INCLUDE SPACE ON THE PERSONAL INCOME TAX RETURN TO ENABLE A
TAXPAYER TO MAKE SUCH CONTRIBUTION. NOTWITHSTANDING ANY OTHER PROVISION
OF LAW ALL REVENUES COLLECTED PURSUANT TO THIS SECTION SHALL BE CREDITED
TO THE LOVE YOUR LIBRARY FUND AND USED ONLY FOR THOSE PURPOSES ENUMER-
ATED IN SECTION NINETY-NINE-L OF THE STATE FINANCE LAW.
S 2. Subdivision 2 of section 99-l of the state finance law, as added
by chapter 303 of the laws of 2004, is amended to read as follows:
2. Such fund shall consist of all revenues received by the department
of motor vehicles pursuant to section four hundred four-v of the vehicle
and traffic law, SECTION SIX HUNDRED THIRTY-B OF THE TAX LAW, and all
other moneys appropriated, credited, or transferred thereto from any
other fund or source pursuant to law.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01614-01-9