S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3675--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 25, 2017
                                ___________
 
 Introduced  by  Sens. ADDABBO, LARKIN -- read twice and ordered printed,
   and when printed to be committed to the Committee on  Veterans,  Home-
   land  Security and Military Affairs -- recommitted to the Committee on
   Veterans, Homeland Security and Military Affairs  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 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:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07273-02-8
              

 S. 3675--A                          2
 
   §  99-BB. 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-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.