NY State Senate Bill 2009-S4708

Senate Bill S4708

2009-2010 Legislative Session

Allows for a gift to the love your library fund on corporate and personal income tax return forms

download bill text pdf

Archive: Last Bill Status - In Senate Committee Finance 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

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 16, 2010	reported and committed to finance
Jan 06, 2010	referred to investigations and government operations
Apr 27, 2009	referred to investigations and government operations

Votes

- Mar 16, 2010 - Investigations And Government Operations Committee Vote
  S4708
  
  8
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Investigations And Government Operations Committee Vote: Mar 16, 2010
      
      aye (8)
      
      Diaz
      
      Espada
      
      Golden
      
      Johnson
      
      Klein
      
      Nozzolio
      
      Stachowski
      
      Winner

2009-S4708 (ACTIVE) - Details

Current Committee:: Senate Finance
Law Section:: Tax Law
Laws Affected:: Add §§209-G & 630-b, Tax L; amd §99-l, St Fin L

2009-S4708 (ACTIVE) - Summary

Allows a taxpayer to elect to contribute a gift to the love your library fund on corporate and personal income tax return forms.

2009-S4708 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S4708

 TITLE OF BILL :

An act to amend the tax law and the state finance law, in relation to
the love your library fund


 PURPOSE OR GENERAL IDEA OF BILL :

To raise the visibility and public's awareness of libraries, and
create an additional revenue source for funding of summer reading
programs in libraries.

 SUMMARY OF SPECIFIC PROVISIONS :

Section One of this bill would amend the Tax Law to authorize
corporate income taxpayers to contribute to the love your library
fund. The contribution would be in any whole dollar amount and would
not reduce the amount of state tax paid. The Commissioner would
include space on the corporate income tax return to enable taxpayers
to make these contributions. All revenues thus collected would be
credited to the love your library fund and shall be used only for
purposes as enumerated in the State Finance Law.

Section Two of this bill would further amend the Tax Law to add

equivalent provisions for personal income taxpayers.

Section Three of this bill would also the State Finance Law by
directing funds generated as a result of these amendments to the Tax
law into the "Love Your Library Fund".

 JUSTIFICATION :

The New York Library Association reports that over 51% of New York's
population are registered library users.

Recent polls by Marist College also report that 67% of those polled
believe that having a library in their local community is very
valuable, while 62% of those polled support an increase of taxes to
support library services in their community.

Citizens view libraries as a valuable resource. By offering this new
way for individuals to support increased library funding we are
offering the people of New York State an alternative source of
promoting libraries though additional funding and increased
visibility.

Summer reading programs now reach over 900,000 New York children each
summer, keeping their reading skills from deteriorating while school
is not in session. The grants that will be made from the "love your
library fund" will support these programs. Moneys will be allocated
with attention to geographic diversity as well as population served.

 FISCAL IMPLICATIONS :

None Noted.

 PRIOR LEGISLATIVE HISTORY :

2008 - S.1957A: Referred to Standing Committee on Investigations.

 EFFECTIVE DATE :
This act would take effect immediately.

2009-S4708 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4708

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             April 27, 2009
                               ___________

Introduced  by  Sen. LEIBELL -- 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 and the state finance law,  in  relation  to
  the love your library 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  209-G  to
read as follows:
  S  209-G.  GIFT  TO  THE LOVE YOUR LIBRARY FUND. EFFECTIVE FOR ANY TAX
YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND TEN, A  TAXPAYER
IN  ANY  TAXABLE  YEAR  MAY ELECT TO CONTRIBUTE TO THE LOVE YOUR LIBRARY
FUND. SUCH CONTRIBUTION SHALL BE IN ANY WHOLE DOLLAR  AMOUNT  AND  SHALL
NOT  REDUCE  THE  AMOUNT  OF  THE  STATE  TAX OWED BY SUCH TAXPAYER. THE
COMMISSIONER SHALL INCLUDE SPACE ON THE CORPORATE 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  LOVE YOUR LIBRARY FUND AND SHALL BE USED ONLY FOR
THOSE PURPOSES ENUMERATED IN SECTION NINETY-NINE-L OF THE STATE  FINANCE
LAW, AS ADDED BY CHAPTER THREE HUNDRED THREE OF THE LAWS OF TWO THOUSAND
FOUR.
  S  2.  The tax law is amended by adding a new section 630-b to read as
follows:
  S 630-B. GIFT TO THE LOVE YOUR LIBRARY FUND.  EFFECTIVE  FOR  ANY  TAX
YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND TEN, AN INDIVID-
UAL IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE LOVE YOUR LIBRARY
FUND.  SUCH  CONTRIBUTION  SHALL BE IN ANY WHOLE DOLLAR AMOUNT AND SHALL
NOT REDUCE THE AMOUNT OF STATE TAX OWED BY SUCH INDIVIDUAL. THE  COMMIS-
SIONER 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01648-01-9

S. 4708                             2

TO THE LOVE YOUR LIBRARY FUND AND USED ONLY FOR THOSE  PURPOSES  ENUMER-
ATED  IN  SECTION  NINETY-NINE-L  OF  THE STATE FINANCE LAW, AS ADDED BY
CHAPTER THREE HUNDRED THREE OF THE LAWS OF TWO THOUSAND FOUR.
  S  3. Subdivision 2 of section 99-l of the state finance law, as added
by chapter 303 of the laws of 2004, is amended to read as follows:
  2. Such fund shall consist of all revenues received by the  department
of motor vehicles pursuant to section four hundred four-v of the vehicle
and  traffic law, AS ADDED BY CHAPTER THREE HUNDRED THREE OF THE LAWS OF
TWO THOUSAND FOUR, ALL THE REVENUES RECEIVED BY THE DEPARTMENT OF  TAXA-
TION AND FINANCE PURSUANT TO SECTIONS TWO HUNDRED NINE-G AND SIX HUNDRED
THIRTY-B  OF THE TAX LAW and all other moneys appropriated, credited, or
transferred thereto from any other fund or source pursuant to law.
  S 4. This act shall take effect immediately.

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