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Senate Bill S6964

2015-2016 Legislative Session

Relates to gift for city university of New York

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Sponsored By

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

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2015-S6964 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Add §630-e, Tax L
Versions Introduced in 2017-2018 Legislative Session:
S1198

2015-S6964 (ACTIVE) - Summary

Allows an individual in any taxable year to elect to contribute to the City University of New York (CUNY); all revenues collected shall be credited to the City University Construction Fund.

2015-S6964 (ACTIVE) - Sponsor Memo

2015-S6964 (ACTIVE) - Bill Text download pdf 

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

                                  6964

                            I N  S E N A T E

                             March 10, 2016
                               ___________

Introduced  by  Sen. PERSAUD -- 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, in relation to gift for city university  of
  New York

  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-e  to
read as follows:
  S  630-E.  GIFT  FOR CITY UNIVERSITY OF NEW YORK. AN INDIVIDUAL IN ANY
TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE CITY UNIVERSITY OF NEW YORK.
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 CITY UNIVERSITY CONSTRUCTION FUND AND USED ONLY FOR THE PURPOSES
ENUMERATED IN SECTION SIXTY-TWO HUNDRED SEVENTY-THREE OF  THE  EDUCATION
LAW.
  S 2. This act shall take effect immediately





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14227-01-6

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