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Assembly Bill A775A

2011-2012 Legislative Session

Creates a mechanism for taxpayers to contribute on their tax return to the homeless housing and assistance fund

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Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

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Bill Amendments

multi-Sponsors

2011-A775 - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Add §630-c, Tax L; amd §92-q, St Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2664
2013-2014: A2071
2015-2016: A22
2017-2018: A170
2019-2020: A2598

2011-A775 - Summary

Establishes the gift to the housing assistance fund; provides that on or after January 1, 2012 an individual may contribute to the housing assistance fund for homeless housing projects; requires tax commissioner to include space on income tax return for such contribution.

2011-A775 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   775

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by M. of A. GANTT -- Multi-Sponsored by -- M. of A. PERRY --
  read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law and the state finance law,  in  relation  to
  gifts to the homeless housing and assistance 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-c  to
read as follows:
  S  630-C. GIFT TO THE HOMELESS HOUSING AND ASSISTANCE FUND.  EFFECTIVE
FOR ANY TAX YEAR COMMENCING ON OR  AFTER  JANUARY  FIRST,  TWO  THOUSAND
ELEVEN,  AN  INDIVIDUAL  MAY ELECT TO CONTRIBUTE TO THE HOMELESS HOUSING
AND ASSISTANCE FUND FOR HOMELESS HOUSING  PROJECTS.  SUCH  CONTRIBUTIONS
SHALL  BE  IN ANY WHOLE DOLLAR AMOUNT AND SHALL NOT REDUCE THE AMOUNT OF
TAX OWED BY SUCH INDIVIDUAL. THE COMMISSIONER SHALL INCLUDE SPACE ON THE
PERSONAL INCOME TAX RETURN TO ENABLE A TAXPAYER TO  MAKE  SUCH  CONTRIB-
UTION.   NOTWITHSTANDING  ANY  OTHER  PROVISION  OF  LAW,  ALL  REVENUES
COLLECTED PURSUANT TO THIS SECTION, SHALL BE CREDITED  TO  THE  HOMELESS
HOUSING  AND ASSISTANCE FUND AND USED ONLY FOR THOSE PURPOSES ENUMERATED
IN SECTION NINETY-TWO-L OF THE STATE FINANCE LAW.
  S 2. Subdivision 4 of section 92-l of the state finance law, as  added
by chapter 61 of the laws of 1983, is amended to read as follows:
  4.    Moneys of the fund may be invested by the state comptroller, and
income from such investments shall  be  credited  to  the  general  fund
PROVIDED,  HOWEVER,  THAT INCOME FROM THE INVESTMENT OF MONEYS DEPOSITED
TO THIS FUND PURSUANT TO SECTION SIX HUNDRED THIRTY-C  OF  THE  TAX  LAW
SHALL BE CREDITED SOLELY TO THIS FUND AND NOT TO THE GENERAL FUND.
  S 3. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03369-01-1

multi-Sponsors

2011-A775A (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Add §630-c, Tax L; amd §92-q, St Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2664
2013-2014: A2071
2015-2016: A22
2017-2018: A170
2019-2020: A2598

2011-A775A (ACTIVE) - Summary

Establishes the gift to the housing assistance fund; provides that on or after January 1, 2012 an individual may contribute to the housing assistance fund for homeless housing projects; requires tax commissioner to include space on income tax return for such contribution.

2011-A775A (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 775--A
                                                         Cal. No. 56

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by M. of A. GANTT -- Multi-Sponsored by -- M. of A. PERRY --
  read once and referred to the Committee on Ways and Means --  advanced
  to a third reading, amended and ordered reprinted, retaining its place
  on the order of third reading

AN  ACT  to  amend the tax law and the state finance law, in relation to
  gifts to the housing assistance 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-c to
read as follows:
  S 630-C. GIFT TO THE HOUSING ASSISTANCE FUND.  EFFECTIVE FOR  ANY  TAX
YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWELVE, AN INDI-
VIDUAL  MAY ELECT TO CONTRIBUTE TO THE HOUSING ASSISTANCE FUND FOR HOME-
LESS HOUSING PROJECTS. SUCH CONTRIBUTIONS SHALL BE IN ANY  WHOLE  DOLLAR
AMOUNT  AND  SHALL NOT REDUCE THE AMOUNT OF 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 HOUSING ASSISTANCE FUND AND USED ONLY FOR THOSE
PURPOSES ENUMERATED IN SECTION NINETY-TWO-Q OF THE STATE FINANCE LAW.
  S 2. Subdivision 3 of section 92-q of the state finance law, as  added
by chapter 261 of the laws of 1988, is amended to read as follows:
  3.  Moneys  of  the  fund may be invested by the state comptroller and
income from such investments shall  be  credited  to  the  general  fund
PROVIDED,  HOWEVER,  THAT INCOME FROM THE INVESTMENT OF MONEYS DEPOSITED
TO THIS FUND PURSUANT TO SECTION SIX HUNDRED THIRTY-C  OF  THE  TAX  LAW
SHALL BE CREDITED SOLELY TO THIS FUND AND NOT TO THE GENERAL FUND.
  S 3. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03369-03-2

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