Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 20, 2012 |
referred to rules |
Senate Bill S7810
2011-2012 Legislative Session
Sponsored By
(R, C, IP, RFM) 24th Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
2011-S7810 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8663
- Current Committee:
- Senate Rules
- Law Section:
- Tax Law
- Laws Affected:
- Add §625-a, Tax L; add §81, St Fin L; add §404-x, V & T L
2011-S7810 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7810 TITLE OF BILL: An act to amend the tax law and the state finance law, in relation to authorizing a tax check-off for gifts to the explore the cosmos New York fund; to amend the vehicle and traffic law, in relation to authorizing the issuance of distinctive "Explore the Cosmos New York" license plates; and providing for the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF BILL: Require New York State to commemorate the contribution of New Yorkers to the Space Shuttle Program and NASA space exploration by creating a designated fund for the Science and Education Center that will house the Space Shuttle Enterprise at the Intrepid Sea, Air and Space Museum. SUMMARY OF SPECIFIC PROVISIONS: Section 1: amends tax law by adding section 625-a to authorize the contribution of tax refund donation to the "Explore the Cosmos New York" fund for the Science and Education Center that will house the Space Shuttle Enterprise at the Intrepid Sea, Air and Space Museum. Section2: amends state finance law by adding section 81 to authorize the creation of the "Explore the Cosmos New York Fund" to be jointly held in custody by the Office of State Comptroller and Department of
2011-S7810 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7810 I N S E N A T E June 20, 2012 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law and the state finance law, in relation to authorizing a tax check-off for gifts to the explore the cosmos New York fund; to amend the vehicle and traffic law, in relation to authorizing the issuance of distinctive "Explore the Cosmos New York" license plates; and providing for the repeal of such provisions upon expiration thereof 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 625-a to read as follows: S 625-A. GIFTS TO THE EXPLORE THE COSMOS NEW YORK FUND. EFFECTIVE FOR ANY TAXABLE YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND THIRTEEN, AN INDIVIDUAL IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE STATE GIFTS TO THE EXPLORE THE COSMOS NEW YORK FUND TO BE USED TO SUPPORT THE SCIENCE AND EDUCATION CENTER THAT WILL HOUSE THE SPACE SHUT- TLE ENTERPRISE AT THE INTREPID SEA, AIR AND SPACE MUSEUM. SUCH CONTRIB- UTION SHALL BE IN ANY WHOLE DOLLAR AMOUNT AND SHALL NOT REDUCE THE AMOUNT OF STATE 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 REVENUES COLLECTED PURSUANT TO THIS SECTION SHALL BE CREDITED TO THE GIFTS TO EXPLORE THE COSMOS NEW YORK FUND AND USED ONLY FOR THOSE PURPOSES ENUMERATED IN SECTION EIGHTY-ONE OF THE STATE FINANCE LAW. S 2. The state finance law is amended by adding a new section 81 to read as follows: S 81. EXPLORE THE COSMOS NEW YORK FUND. 1. THERE IS HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE COMMISSIONER OF TAXATION AND FINANCE AND THE COMPTROLLER, A SPECIAL FUND TO BE KNOWN AS THE "EXPLORE THE COSMOS NEW YORK FUND". 2. SUCH FUND SHALL CONSIST OF ALL MONEYS RECEIVED BY THE DEPARTMENT OF TAXATION AND FINANCE FROM THE GIFTS TO EXPLORE THE COSMOS NEW YORK FUND PURSUANT TO SECTION SIX HUNDRED TWENTY-FIVE-A OF THE TAX LAW AND ALL EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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