STATE OF NEW YORK
________________________________________________________________________
2724--A
2011-2012 Regular Sessions
IN SENATE
January 31, 2011
___________
Introduced by Sens. ADDABBO, ESPAILLAT -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Investi-
gations and Government 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 state finance law, in relation to
gifts for the support of the veterans of foreign wars service officers
fund
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The tax law is amended by adding a new section 630-c to
2 read as follows:
3 § 630-c. Gift to the veterans of foreign wars service officers fund.
4 Effective for any tax year commencing on or after January first, two
5 thousand eleven, an individual may elect to contribute to the veterans
6 of foreign wars service officers fund created pursuant to section nine-
7 ty-nine-u of the state finance law for the support of the veterans of
8 foreign wars service officers, who help assist veterans in gaining
9 access to department of veterans affairs benefits they are entitled to.
10 Such contribution shall be in any whole dollar amount and shall not
11 reduce the amount of tax owed by such individual. The commissioner shall
12 include space on the personal income tax return to enable a taxpayer to
13 make such contribution. Notwithstanding any other provision of law, all
14 revenue collected pursuant to this section shall be credited to the fund
15 and used only for the purposes of the veterans of foreign wars service
16 officers.
17 § 2. The state finance law is amended by adding a new section 99-u to
18 read as follows:
19 § 99-u. Veterans of foreign wars service officers fund. 1. There is
20 hereby created in the joint custody of the state comptroller and the
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04737-02-2
S. 2724--A 2
1 commissioner of taxation and finance a fund to be known as the "veterans
2 of foreign wars service officers fund".
3 2. Such fund shall consist of all revenues received by the department
4 of taxation and finance, pursuant to the provisions of section six
5 hundred thirty-c of the tax law and all other moneys appropriated, cred-
6 ited, or transferred thereto from any other fund or source pursuant to
7 law. For each state fiscal year, there shall be appropriated to the fund
8 by the state, in addition to all other moneys required to be deposited
9 into such fund, as amount equal to the amounts of moneys collected and
10 deposited into the fund pursuant to section six hundred thirty-c of the
11 tax law during the preceding calendar year, as certified by the comp-
12 troller. Nothing contained herein shall prevent the state from receiving
13 grants, gifts or bequests for the purposes of the fund as defined in
14 this section and depositing them into the fund according to law.
15 3. Moneys of the fund may be invested by the state comptroller, and
16 income from the investments of moneys deposited to this fund pursuant to
17 section six hundred thirty-c of the tax law shall be credited solely to
18 this fund.
19 § 3. This act shall take effect immediately.
