S T A T E   O F   N E W   Y O R K
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                                 4269--A

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            February 2, 2011
                               ___________

Introduced  by  M.  of  A.  M. MILLER  -- Multi-Sponsored by -- M. of A.
  CAHILL, GALEF -- read once and referred to the Committee on  Ways  and
  Means  -- recommitted to the Committee on Ways and Means in accordance
  with Assembly Rule 3, sec. 2 -- 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:

  Section  1.  The  tax  law is amended by adding a new section 630-c to
read as follows:
  S 630-C. GIFT TO THE VETERANS OF FOREIGN WARS SERVICE  OFFICERS  FUND.
EFFECTIVE  FOR  ANY  TAX  YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO
THOUSAND ELEVEN, AN INDIVIDUAL MAY ELECT TO CONTRIBUTE TO  THE  VETERANS
OF  FOREIGN WARS SERVICE OFFICERS FUND CREATED PURSUANT TO SECTION NINE-
TY-NINE-U OF THE STATE FINANCE LAW FOR THE SUPPORT OF  THE  VETERANS  OF
FOREIGN  WARS  SERVICE  OFFICERS,  WHO  HELP  ASSIST VETERANS IN GAINING
ACCESS TO DEPARTMENT OF VETERANS 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 PURSUANT TO THIS SECTION SHALL BE CREDITED TO THE FUND
AND USED ONLY FOR THE PURPOSES OF THE VETERANS OF FOREIGN  WARS  SERVICE
OFFICERS.
  S  2. The state finance law is amended by adding a new section 99-u to
read as follows:
  S 99-U. VETERANS OF FOREIGN WARS SERVICE OFFICERS FUND.   1. THERE  IS
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.
                                                           LBD04737-03-2

              

A. 4269--A                          2

COMMISSIONER OF TAXATION AND FINANCE A FUND TO BE KNOWN AS THE "VETERANS
OF FOREIGN WARS SERVICE OFFICERS 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-C 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, AS AMOUNT EQUAL TO THE AMOUNTS OF MONEYS COLLECTED AND
DEPOSITED INTO THE FUND PURSUANT TO SECTION SIX HUNDRED THIRTY-C 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-C OF THE TAX LAW SHALL BE CREDITED SOLELY  TO
THIS FUND.
  S 3. This act shall take effect immediately.