Assembly Bill A763B

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

                                   763

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             January 7, 2015
                               ___________

Introduced  by  M. of A. MILLER -- Multi-Sponsored by -- M. of A. HEVESI
  -- 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 for the support of veterans service organizations

  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-d  to
read as follows:
  S  630-D.  GIFT  TO THE VETERANS SERVICE ORGANIZATIONS FUND. EFFECTIVE
FOR ANY TAX YEAR COMMENCING ON OR  AFTER  JANUARY  FIRST,  TWO  THOUSAND
FIFTEEN,  AN  INDIVIDUAL MAY ELECT TO CONTRIBUTE TO THE VETERANS SERVICE
ORGANIZATIONS FUND CREATED PURSUANT  TO  SECTION  NINETY-NINE-W  OF  THE
STATE FINANCE LAW FOR THE SUPPORT OF VETERANS SERVICE ORGANIZATIONS, WHO
HELP ASSIST VETERANS IN GAINING ACCESS TO DEPARTMENT OF VETERANS AFFAIRS
BENEFITS  THEY  ARE ENTITLED TO. SUCH CONTRIBUTION SHALL BE IN ANY WHOLE
DOLLAR AMOUNT AND SHALL NOT REDUCE THE AMOUNT OF TAX OWED BY SUCH  INDI-
VIDUAL.  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  REVENUE COLLECTED PURSUANT TO THIS
SECTION SHALL BE CREDITED TO THE FUND AND USED ONLY FOR THE PURPOSES  OF
THE VETERANS SERVICE ORGANIZATIONS.
  S  2. The state finance law is amended by adding a new section 99-w to
read as follows:
  S 99-W. VETERANS SERVICE ORGANIZATIONS  FUND.    1.  THERE  IS  HEREBY
CREATED  IN  THE  JOINT CUSTODY OF THE STATE COMPTROLLER AND THE COMMIS-
SIONER OF TAXATION AND FINANCE A FUND  TO  BE  KNOWN  AS  THE  "VETERANS
SERVICE ORGANIZATIONS FUND".
  2.  SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPARTMENT
OF TAXATION AND FINANCE, PURSUANT  TO  THE  PROVISIONS  OF  SECTION  SIX
HUNDRED THIRTY-D OF THE TAX LAW AND ALL OTHER MONEYS APPROPRIATED, CRED-
ITED,  OR  TRANSFERRED THERETO FROM ANY OTHER FUND OR SOURCE PURSUANT TO

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02797-01-5
              

A. 763                              2

LAW. FOR EACH STATE FISCAL YEAR, THERE SHALL BE APPROPRIATED TO THE FUND
BY THE STATE, IN ADDITION TO ALL OTHER MONEYS REQUIRED TO  BE  DEPOSITED
INTO  SUCH  FUND, AN AMOUNT EQUAL TO THE AMOUNTS OF MONEYS COLLECTED AND
DEPOSITED  INTO THE FUND PURSUANT TO SECTION SIX HUNDRED THIRTY-D OF THE
TAX LAW DURING THE PRECEDING CALENDAR YEAR, AS CERTIFIED  BY  THE  COMP-
TROLLER. NOTHING CONTAINED HEREIN SHALL PREVENT THE STATE FROM RECEIVING
GRANTS,  GIFTS  OR  BEQUESTS  FOR THE PURPOSES OF THE FUND AS DEFINED IN
THIS SECTION AND DEPOSITING THEM INTO THE FUND ACCORDING TO LAW.
  3. MONEYS OF THE FUND MAY BE INVESTED BY THE  STATE  COMPTROLLER,  AND
INCOME FROM THE INVESTMENTS OF MONEYS DEPOSITED TO THIS FUND PURSUANT TO
SECTION  SIX HUNDRED THIRTY-D OF THE TAX LAW SHALL BE CREDITED SOLELY TO
THIS FUND.
  S 3. This act shall take effect immediately.

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

                                 763--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             January 7, 2015
                               ___________

Introduced  by M. of A. MILLER, LAVINE, WOZNIAK -- Multi-Sponsored by --
  M. of A.  HEVESI -- read once and referred to the  Committee  on  Ways
  and  Means -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the tax law and the state finance law,  in  relation  to
  gifts  for  the  support  of  congressional chartered veterans service
  organizations

  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-d to
read as follows:
  S 630-D. GIFT TO THE CONGRESSIONAL CHARTERED VETERANS  SERVICE  ORGAN-
IZATIONS FUND. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER JANUARY
FIRST,  TWO  THOUSAND  FIFTEEN, AN INDIVIDUAL MAY ELECT TO CONTRIBUTE TO
THE CONGRESSIONAL CHARTERED VETERANS SERVICE ORGANIZATIONS FUND  CREATED
PURSUANT  TO  SECTION  NINETY-NINE-W  OF  THE  STATE FINANCE LAW FOR THE
SUPPORT OF CONGRESSIONAL CHARTERED VETERANS SERVICE  ORGANIZATIONS,  WHO
HELP  ASSIST  VETERANS IN GAINING ACCESS TO THE UNITED STATES DEPARTMENT
OF VETERANS AFFAIRS BENEFITS AND THE NEW YORK STATE DIVISION  OF  VETER-
ANS'  AFFAIRS  BENEFITS THEY ARE ENTITLED TO. SUCH CONTRIBUTION 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 REVENUE COLLECTED PURSU-
ANT TO THIS SECTION SHALL BE CREDITED TO THE FUND AND USED ONLY FOR  THE
PURPOSES OF THE CONGRESSIONAL CHARTERED VETERANS SERVICE ORGANIZATIONS.
  S  2. The state finance law is amended by adding a new section 99-w to
read as follows:
  S 99-W. CONGRESSIONAL CHARTERED VETERANS SERVICE  ORGANIZATIONS  FUND.
1. THERE IS HEREBY CREATED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02797-03-5

              

A. 763--A                           2

AND  THE  COMMISSIONER OF TAXATION AND FINANCE A FUND TO BE KNOWN AS THE
"CONGRESSIONAL CHARTERED VETERANS SERVICE ORGANIZATIONS FUND".
  2.  SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPARTMENT
OF TAXATION AND FINANCE, PURSUANT  TO  THE  PROVISIONS  OF  SECTION  SIX
HUNDRED THIRTY-D OF THE TAX LAW AND ALL OTHER MONEYS APPROPRIATED, CRED-
ITED,  OR  TRANSFERRED THERETO FROM ANY OTHER FUND OR SOURCE PURSUANT TO
LAW. FOR EACH STATE FISCAL YEAR, THERE SHALL BE APPROPRIATED TO THE FUND
BY THE STATE, IN ADDITION TO ALL OTHER MONEYS REQUIRED TO  BE  DEPOSITED
INTO  SUCH  FUND, AN AMOUNT EQUAL TO THE AMOUNTS OF MONEYS COLLECTED AND
DEPOSITED INTO THE FUND PURSUANT TO SECTION SIX HUNDRED THIRTY-D OF  THE
TAX  LAW  DURING  THE PRECEDING CALENDAR YEAR, AS CERTIFIED BY THE COMP-
TROLLER. NOTHING CONTAINED HEREIN SHALL PREVENT THE STATE FROM RECEIVING
GRANTS, GIFTS OR BEQUESTS FOR THE PURPOSES OF THE  FUND  AS  DEFINED  IN
THIS SECTION AND DEPOSITING THEM INTO THE FUND ACCORDING TO LAW.
  3.  MONEYS  OF  THE FUND MAY BE INVESTED BY THE STATE COMPTROLLER, AND
INCOME FROM THE INVESTMENTS OF MONEYS DEPOSITED TO THIS FUND PURSUANT TO
SECTION SIX HUNDRED THIRTY-D OF THE TAX LAW SHALL BE CREDITED SOLELY  TO
THIS FUND.
  S 3. This act shall take effect immediately.