S T A T E   O F   N E W   Y O R K
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                                 5475--A
                                                        Cal. No. 214

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 24, 2015
                               ___________

Introduced  by  M.  of  A. GALEF, PAULIN, PERRY, CLARK, MAGEE, ROBINSON,
  GUNTHER, SCHIMMINGER, SOLAGES, JAFFEE, OTIS -- Multi-Sponsored  by  --
  M.  of  A.   CERETTO, COLTON, CORWIN, DINOWITZ, DUPREY, FINCH, GIGLIO,
  HAWLEY, HOOPER, LAVINE, LOPEZ, LUPINACCI, McDONALD, McDONOUGH,  McKEV-
  ITT,  ORTIZ,  PEOPLES-STOKES,  RAIA,  RIVERA, SALADINO, THIELE -- read
  once and referred to the Committee on Ways and Means -- advanced to  a
  third  reading,  amended and ordered reprinted, retaining its place on
  the order of third reading

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-J  to
read as follows:
  S  209-J.  GIFT  TO  THE LOVE YOUR LIBRARY FUND. EFFECTIVE FOR ANY TAX
YEAR COMMENCING ON OR AFTER JANUARY FIRST,  TWO  THOUSAND  SEVENTEEN,  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-e to read as
follows:
  S 630-E. GIFT TO THE LOVE YOUR LIBRARY FUND.  EFFECTIVE  FOR  ANY  TAX
YEAR  COMMENCING  ON  OR AFTER JANUARY FIRST, TWO THOUSAND SEVENTEEN, AN
INDIVIDUAL IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE LOVE  YOUR

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

                                                           LBD00028-03-6

A. 5475--A                          2

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,
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-J AND SIX HUNDRED
THIRTY-E 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.