S T A T E O F N E W Y O R K
________________________________________________________________________
4672--A
2017-2018 Regular Sessions
I N A S S E M B L Y
February 3, 2017
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Introduced by M. of A. M. G. MILLER, BARNWELL -- read once and referred
to the Committee on Ways and Means -- recommitted to the Committee on
Ways and Means in accordance with Assembly Rule 3, sec. 2 -- 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-f to
read as follows:
§ 630-F. GIFT TO THE CONGRESSIONAL CHARTERED VETERANS SERVICE ORGAN-
IZATIONS FUND. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER JANUARY
FIRST, TWO THOUSAND SEVENTEEN, AN INDIVIDUAL MAY ELECT TO CONTRIBUTE TO
THE CONGRESSIONAL CHARTERED VETERANS SERVICE ORGANIZATIONS FUND CREATED
PURSUANT TO SECTION NINETY-NINE-BB 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.
§ 2. The state finance law is amended by adding a new section 99-bb to
read as follows:
§ 99-BB. 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.
LBD07273-03-8
A. 4672--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-F 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-F 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-F OF THE TAX LAW SHALL BE CREDITED SOLELY TO
THIS FUND.
§ 3. This act shall take effect immediately.