Senate Bill S2497B

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

                                  2497

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 26, 2015
                               ___________

Introduced  by  Sens. ADDABBO, LARKIN, SAMPSON -- read twice and ordered
  printed, and when printed to be committed to the Committee  on  Veter-
  ans, Homeland Security and Military Affairs

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-

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

S. 2497                             2

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.

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

                                 2497--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 26, 2015
                               ___________

Introduced by Sens. ADDABBO, LARKIN, LATIMER, PANEPINTO, SAMPSON -- read
  twice  and  ordered  printed,  and when printed to be committed to the
  Committee on Veterans,  Homeland  Security  and  Military  Affairs  --
  reported  favorably from said committee and committed to the Committee
  on Finance -- 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:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02797-02-5

              

S. 2497--A                          2

  S 99-W. CONGRESSIONAL CHARTERED VETERANS SERVICE  ORGANIZATIONS  FUND.
1. THERE IS HEREBY CREATED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER
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.