Senate Bill S1198

Signed By Governor
2017-2018 Legislative Session

Relates to gift for city university of New York

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2017-S1198 - Details

Law Section:
Tax Law
Laws Affected:
Add §630-e, Tax L
Versions Introduced in 2015-2016 Legislative Session:
S6964

2017-S1198 - 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; the trustees of such fund shall report before the first of February each year on how such monies were utilized.

2017-S1198 - Sponsor Memo

2017-S1198 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1198
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 6, 2017
                                ___________
 
 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:
   §  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.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02137-01-7



              

co-Sponsors

2017-S1198A (ACTIVE) - Details

Law Section:
Tax Law
Laws Affected:
Add §630-e, Tax L
Versions Introduced in 2015-2016 Legislative Session:
S6964

2017-S1198A (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; the trustees of such fund shall report before the first of February each year on how such monies were utilized.

2017-S1198A (ACTIVE) - Sponsor Memo

2017-S1198A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1198--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 6, 2017
                                ___________
 
 Introduced  by  Sen. PERSAUD -- read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations -- recommitted to the Committee on Investigations  and
   Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee
 
 AN  ACT  to amend the tax law and the education 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-f to
 read as follows:
   § 630-F. 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.
   § 2. Section 6278 of the education law is  amended  by  adding  3  new
 subdivisions (g), (h) and (i) to read as follows:
   (G)  TO  THE EXTENT PRACTICABLE, THE TRUSTEES OF THE FUND SHALL ENSURE
 THAT ALL MONIES RECEIVED DURING A FISCAL YEAR ARE EXPENDED PRIOR TO  THE
 END OF SUCH FISCAL YEAR.
   (H)  ON  OR  BEFORE  THE  FIRST OF FEBRUARY EACH YEAR, THE COMPTROLLER
 SHALL CERTIFY TO THE GOVERNOR, THE TEMPORARY PRESIDENT  OF  THE  SENATE,
 THE  SPEAKER  OF THE ASSEMBLY, THE CHAIR OF THE SENATE FINANCE COMMITTEE
 AND THE CHAIR OF THE ASSEMBLY WAYS AND MEANS COMMITTEE,  THE  AMOUNT  OF
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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