S T A T E O F N E W Y O R K
________________________________________________________________________
9012
I N S E N A T E
May 4, 2022
___________
Introduced by Sen. STAVISKY -- 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
providing taxpayer gifts for the cure childhood cancer research 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-k to
read as follows:
§ 630-K. GIFT FOR CURE CHILDHOOD CANCER RESEARCH FUND. EFFECTIVE FOR
ANY TAX YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-
TWO, A TAXPAYER IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE CURE
CHILDHOOD CANCER RESEARCH FUND ESTABLISHED PURSUANT TO SECTION NINETY-
NINE-Z OF THE STATE FINANCE LAW. SUCH CONTRIBUTION SHALL BE IN ANY WHOLE
DOLLAR AMOUNT AND SHALL NOT REDUCE THE AMOUNT OF STATE TAX OWED BY SUCH
TAXPAYER. THE COMMISSIONER SHALL INCLUDE SPACE ON THE PERSONAL INCOME
TAX RETURN TO ENABLE A TAXPAYER TO MAKE SUCH CONTRIBUTION. NOTWITHSTAND-
ING ANY OTHER PROVISION OF LAW, ALL REVENUES COLLECTED PURSUANT TO THIS
SECTION SHALL BE CREDITED TO THE CURE CHILDHOOD CANCER RESEARCH FUND AND
USED ONLY FOR THOSE PURPOSES ENUMERATED IN SECTION NINETY-NINE-Z OF THE
STATE FINANCE LAW.
§ 2. Subdivision 2 of section 99-z of the state finance law, as added
by chapter 443 of the laws of 2016, is amended to read as follows:
2. Such fund shall consist of all revenues received pursuant to the
provisions of section four hundred four-cc of the vehicle and traffic
law, ALL THE REVENUES RECEIVED BY THE DEPARTMENT OF TAXATION AND FINANCE
PURSUANT TO SECTION SIX HUNDRED THIRTY-K OF THE TAX LAW and all other
moneys appropriated, credited or transferred thereto from any other fund
or source pursuant to law. 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. This act shall take effect immediately and shall apply to all tax
years commencing on and after January 1, 2023.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14226-02-2