S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1094--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 10, 2017
                                ___________
 
 Introduced  by  M.  of  A.  GALEF,  PAULIN, PERRY, MAGEE, OTIS, GUNTHER,
   SCHIMMINGER, SOLAGES, JAFFEE, McDONALD -- Multi-Sponsored by -- M.  of
   A.  COLTON,  DINOWITZ,  FINCH,  GIGLIO, HAWLEY, HOOPER, LAVINE, LOPEZ,
   LUPINACCI, McDONOUGH, McKEVITT, ORTIZ, PEOPLES-STOKES,  RAIA,  RIVERA,
   THIELE -- read once and referred to the Committee 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
   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-K  to
 read as follows:
   §  209-K.  GIFT  TO  THE LOVE YOUR LIBRARY FUND. EFFECTIVE FOR ANY TAX
 YEAR COMMENCING ON OR AFTER JANUARY  FIRST,  TWO  THOUSAND  EIGHTEEN,  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.
   §  2.  The tax law is amended by adding a new section 630-e to read as
 follows:
   § 630-E. GIFT TO THE LOVE YOUR LIBRARY FUND.  EFFECTIVE  FOR  ANY  TAX
 YEAR  COMMENCING  ON  OR  AFTER JANUARY FIRST, TWO THOUSAND EIGHTEEN, 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD02413-05-7

 A. 1094--A                          2
 
 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.
   §  3. Subdivision 2 of section 99-l of the state finance law, as added
 by chapter 303 of the laws of 2004, is amended and a new subdivision 2-a
 is added 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-K 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.
   2-A. ON OR BEFORE THE FIRST DAY OF FEBRUARY EACH YEAR, THE COMMISSION-
 ER OF THE DEPARTMENT OF EDUCATION 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 COMMIT-
 TEE, THE STATE COMPTROLLER AND THE PUBLIC. SUCH REPORT SHALL INCLUDE HOW
 THE MONIES OF THE FUND WERE UTILIZED DURING THE PRECEDING CALENDAR YEAR,
 AND SHALL INCLUDE:
   (I) THE AMOUNT OF MONEY DISBURSED FROM THE FUND AND THE AWARD  PROCESS
 USED FOR SUCH DISBURSEMENTS;
   (II) RECIPIENTS OF AWARDS FROM THE FUND;
   (III) THE AMOUNT AWARDED TO EACH;
   (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.
   § 4. This act shall take effect immediately.