Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 18, 2020 |
referred to budget and revenue |
Senate Bill S7769
2019-2020 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
- 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
Actions
2019-S7769 (ACTIVE) - Details
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Add §630-h, Tax L; add §89-j, St Fin L
2019-S7769 (ACTIVE) - Summary
Relates to the creation of the emergency financial relief fund to provide financial relief to federal employees or employees of federal contractors who are residents of New York state and required to work without compensation or placed on unpaid leave as a result of a lapse in appropriations by the United States government beginning on or after December 22, 2018; also provides financial relief to non-profit organizations licensed to do business in New York state, with a contract to provide services to the federal government, and that are not providing such services as a result of such lapse in appropriations.
2019-S7769 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7769 SPONSOR: BENJAMIN TITLE OF BILL: An act to amend the tax law and the state finance law, in relation to the creation of the emergency financial relief fund PURPOSE: The creation of the Non-profit Organizational relief fund to support New York organizations facing economic uncertainty in times of non-guaran- teed federal funding, such as periods of government shutdown. This bill gives the Department of Taxation and Finance, in union with the Depart- ment of Labor and the State Comptroller, jurisdiction to provide neces- sary financial relief to qualified nonprofit organizations, defined as 'a nonprofit organization that does not receive funding from the United States as a result of a covered lapse in appropriations.' SUMMARY OF PROVISIONS:
2019-S7769 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7769 I N S E N A T E February 18, 2020 ___________ Introduced by Sen. BENJAMIN -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law and the state finance law, in relation to the creation of the emergency financial relief fund 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-h to read as follows: § 630-H. GIFT FOR EMERGENCY FINANCIAL RELIEF. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND TEWNTY, AN INDI- VIDUAL AND/OR BUSINESS IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE EMERGENCY FINANCIAL RELIEF FUND. SUCH CONTRIBUTION SHALL BE IN ANY WHOLE DOLLAR AMOUNT AND SHALL NOT INCLUDE OR REDUCE THE AMOUNT OF STATE TAX OWED BY SUCH INDIVIDUAL OR BUSINESS. THE COMMISSIONER SHALL INCLUDE SPACE ON THE PERSONAL INCOME AND BUSINESS INCOME TAX RETURNS TO ENABLE A TAXPAYER TO MAKE SUCH CONTRIBUTION. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, ALL REVENUES COLLECTED PURSUANT TO THIS SECTION SHALL BE CREDIT- ED TO THE EMERGENCY FINANCIAL RELIEF FUND AND USED ONLY FOR THE PURPOSES ENUMERATED IN SECTION EIGHTY-NINE-J OF THE STATE FINANCE LAW. § 2. The state finance law is amended by adding a new section 89-j to read as follows: § 89-J. EMERGENCY FINANCIAL RELIEF FUND. 1. THERE IS HEREBY ESTAB- LISHED IN JOINT CUSTODY OF THE STATE COMPTROLLER, THE COMMISSIONER OF TAXATION AND FINANCE, AND THE COMMISSIONER OF LABOR A SPECIAL FUND TO BE KNOWN AS THE EMERGENCY FINANCIAL RELIEF FUND. 2. THE EMERGENCY FINANCIAL RELIEF FUND SHALL CONSIST OF REVENUES RECEIVED BY THE DEPARTMENT OF TAXATION AND FINANCE, PURSUANT TO THE PROVISIONS OF SECTION SIX HUNDRED THIRTY-H OF THE TAX LAW, AND ALL OTHER MONIES APPROPRIATED, CREDITED, 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 MONIES REQUIRED TO BE DEPOSITED INTO SUCH FUND, AN AMOUNT EQUAL TO THE AMOUNTS OF MONIES COLLECTED AND DEPOSITED INTO THE FUND PURSUANT TO SECTION SIX HUNDRED THIRTY-H OF THE TAX LAW, AND THE AMOUNTS OF MONIES EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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