Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 24, 2014 |
referred to investigations and government operations |
Senate Bill S6872
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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
co-Sponsors
(D, WF) 21st Senate District
2013-S6872 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1836
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Add §§209-I & 630-d, Tax L; amd §99-l, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
A7253
2011-2012: A7044
2015-2016: A5475
2017-2018: A1094
2013-S6872 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6872 TITLE OF BILL: An act to amend the tax law and the state finance law, in relation to the love your library fund PURPOSE: To support and promote local libraries and their summer reading programs by allowing contributions to be made into the Love Your Library Fund via corporate and personal income tax return forms. SUMMARY OF PROVISIONS: Section 1 amends the Tax Law by adding a new Section 209-1 authorizing corporate income taxpayers to contribute to the Love Your Library Fund. The contribution can be in any whole dollar amount and shall not reduce the amount of state tax paid. The Commissioner shall include space on the corporate income tax returns to enable taxpayers to make these contributions. All revenues thus collected shall be credited to the Love Your Library Fund and shall be used only for purposes enumerated in Section 99-L of the State Finance Law. Section 2 amends the Tax Law by adding a new Section 630-d with equivalent provisions for personal income taxpayers. Section 3 amends section 99-L of the State Finance Law by directing
2013-S6872 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6872 I N S E N A T E March 24, 2014 ___________ Introduced by Sens. FARLEY, PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government 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-I to read as follows: S 209-I. GIFT TO THE LOVE YOUR LIBRARY FUND. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN, 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-d to read as follows: S 630-D. GIFT TO THE LOVE YOUR LIBRARY FUND. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN, AN INDIVIDUAL 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 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 LOVE YOUR LIBRARY FUND AND USED ONLY FOR THOSE PURPOSES ENUMERATED IN SECTION NINETY-NINE-L OF THE STATE FINANCE LAW, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02863-04-3
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