S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                 10494--A
 
                           I N  A S S E M B L Y
 
                              April 30, 2018
                                ___________
 
 Introduced by M. of A. PICHARDO -- read once and referred to the Commit-
   tee  on  Ways and Means -- 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 to the affordable housing for veterans and seniors 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-f  to
 read as follows:
   §  630-F. GIFT FOR THE CREATION OF AFFORDABLE HOUSING FOR VETERANS AND
 SENIORS. EFFECTIVE FOR ANY TAX  YEAR  COMMENCING  ON  OR  AFTER  JANUARY
 FIRST,  TWO  THOUSAND  NINETEEN, AN INDIVIDUAL   IN ANY TAXABLE YEAR MAY
 ELECT TO CONTRIBUTE TO THE AFFORDABLE HOUSING FOR VETERANS  AND  SENIORS
 (A.H.V.S.)   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 A.H.V.S. FUND AND USED ONLY FOR THOSE  PURPOSES
 ENUMERATED IN SECTION NINETY-NINE-EE OF THE STATE FINANCE LAW.
   § 2. The state finance law is amended by adding a new section 99-ee to
 read as follows:
   §  99-EE.  AFFORDABLE HOUSING FOR VETERANS AND SENIORS FUND. 1.  THERE
 IS HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE COMMISSIONER OF  TAXA-
 TION  AND  FINANCE, THE NEW YORK STATE DIRECTOR OF VETERANS' AFFAIRS AND
 THE COMPTROLLER, A SPECIAL FUND TO BE KNOWN AS THE  "AFFORDABLE  HOUSING
 FOR VETERANS AND SENIORS FUND".
   2.  THE AFFORDABLE HOUSING FOR VETERANS AND SENIORS FUND SHALL CONSIST
 OF ALL MONEYS RECEIVED BY THE STATE  PURSUANT  TO  SECTION  SIX  HUNDRED
 THIRTY-F OF THE TAX LAW. SUCH AMOUNTS DEPOSITED SHALL BE CREDITED SOLELY
 TO THE AFFORDABLE HOUSING FOR VETERANS AND SENIORS FUND.
   3. TO THE EXTENT PRACTICABLE, THE NEW YORK STATE DIRECTOR OF VETERANS'
 AFFAIRS  SHALL  ENSURE THAT ALL MONIES RECEIVED DURING A FISCAL YEAR ARE
 EXPENDED PRIOR TO THE END OF THAT FISCAL YEAR.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD15493-02-8

 A. 10494--A                         2

   4. ON OR BEFORE THE FIRST DAY OF FEBRUARY EACH YEAR,  THE  COMPTROLLER
 SHALL CERTIFY TO THE GOVERNOR, TEMPORARY PRESIDENT OF THE SENATE, SPEAK-
 ER  OF  THE ASSEMBLY, CHAIR OF THE SENATE FINANCE COMMITTEE AND CHAIR OF
 THE ASSEMBLY WAYS AND MEANS COMMITTEE, THE AMOUNT OF MONEY DEPOSITED  IN
 THE  AFFORDABLE HOUSING FOR VETERANS AND SENIORS FUND DURING THE PRECED-
 ING CALENDAR YEAR AS THE RESULT OF REVENUE DERIVED PURSUANT  TO  SECTION
 SIX HUNDRED THIRTY-F OF THE TAX LAW.
   5.  ON  OR BEFORE THE FIRST DAY OF FEBRUARY EACH YEAR, THE DIRECTOR OF
 THE STATE DIVISION OF VETERANS' AFFAIRS SHALL PROVIDE A  WRITTEN  REPORT
 TO THE TEMPORARY PRESIDENT OF THE SENATE, SPEAKER OF THE ASSEMBLY, CHAIR
 OF  THE  SENATE  FINANCE COMMITTEE, CHAIR OF THE ASSEMBLY WAYS AND MEANS
 COMMITTEE, CHAIR OF THE SENATE COMMITTEE ON VETERANS, HOMELAND  SECURITY
 AND MILITARY AFFAIRS, CHAIR OF THE ASSEMBLY VETERANS' AFFAIRS COMMITTEE,
 AND  THE  PUBLIC.  SUCH  REPORT SHALL INCLUDE HOW THE MONIES OF THE FUND
 WERE UTILIZED DURING THE PRECEDING CALENDAR YEAR AND SHALL ALSO INCLUDE:
   (I) THE AMOUNT OF MONEY DISBURSED FROM THE FUND;
   (II) THE RECIPIENTS OF AWARDS FROM THE FUND;
   (III) THE AMOUNT AWARDED TO EACH RECIPIENT;
   (IV) THE PURPOSES FOR WHICH SUCH AWARDS WERE GRANTED; AND
   (V) A SUMMARY FINANCIAL PLAN FOR SUCH MONIES WHICH SHALL INCLUDE ESTI-
 MATES OF ALL RECEIPTS AND ALL DISBURSEMENTS FOR THE CURRENT AND SUCCEED-
 ING FISCAL YEARS, ALONG WITH THE ACTUAL RESULTS FROM  THE  PRIOR  FISCAL
 YEAR.
   § 3. This act shall take effect immediately.