S T A T E O F N E W Y O R K
________________________________________________________________________
10470
I N A S S E M B L Y
May 29, 2012
___________
Introduced by M. of A. GOODELL -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the tax law, in relation to incentivising charitable
contributions through tax returns filed in New York state
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-c to
read as follows:
S 630-C. GIFTS FOR CHARITABLE ORGANIZATIONS. AN INDIVIDUAL TAXPAYER
MAY ELECT TO CONTRIBUTE ON THE TAXPAYER'S PERSONAL INCOME TAX RETURN TO
TAX EXEMPT CHARITABLE ORGANIZATIONS, UNDER 501C3 OF THE INTERNAL REVENUE
CODE, AND REGISTERED WITH THE SECRETARY OF STATE UNDER SECTION ONE
HUNDRED SEVENTY-TWO OF THE EXECUTIVE LAW. TO BE ELIGIBLE FOR CONTRIB-
UTIONS UNDER THIS SECTION THE CHARITABLE INSTITUTION MUST BE IN COMPLI-
ANCE WITH ALL LAWS GOVERNING CHARITABLE ORGANIZATIONS IN NEW YORK STATE.
THE CONTRIBUTION MUST BE IN A WHOLE DOLLAR AMOUNT. THE CONTRIBUTION
SHALL NOT REDUCE THE AMOUNT OF STATE TAX OWED BY SUCH INDIVIDUAL ON SUCH
TAX RETURN, BUT CAN BE CLAIMED AS A TAX DEDUCTION ON THE NEXT ANNUAL
RETURN FILED BY SUCH TAXPAYER AS AN ITEMIZED DEDUCTION. THE COMMISSION-
ER SHALL INCLUDE SPACE ON THE PERSONAL INCOME TAX RETURN TO ENABLE THE
TAXPAYER TO MAKE SUCH CONTRIBUTIONS. ALL REVENUES COLLECTED PURSUANT TO
THIS SECTION ON OR BEFORE JULY FIRST OF EACH YEAR SHALL BE DISBURSED BY
THE COMMISSIONER TO THE SPECIFICALLY-NAMED CHARITABLE ORGANIZATION,
WITHOUT INTEREST, ON OR BEFORE DECEMBER THIRTY-FIRST OF SUCH YEAR, AND
ALL REVENUES COLLECTED PURSUANT TO THIS SECTION AFTER JULY FIRST OF EACH
YEAR SHALL BE DISBURSED BY THE COMMISSIONER TO THE SPECIFICALLY-NAMED
CHARITABLE ORGANIZATION, WITHOUT INTEREST, ON OR BEFORE JULY FIRST OF
THE SUBSEQUENT YEAR.
S 2. The commissioner of taxation and finance shall have the authority
to promulgate any rules necessary for the implementation of this act and
may coordinate with the attorney general's office to organize, implement
and regulate such program.
S 3. This act shall take effect on the three hundred sixty-fifth day
after it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
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