NY State Senate Bill 2017-S3268

Senate Bill S3268

2017-2018 Legislative Session

Allows for a gift to the love your library fund on corporate and personal income tax return forms

download bill text pdf

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

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2018	referred to investigations and government operations
Jan 20, 2017	referred to investigations and government operations

2017-S3268 (ACTIVE) - Details

Current Committee:: Senate Investigations And Government Operations
Law Section:: Tax Law
Laws Affected:: Add §§209-K & 630-e, Tax L; amd §99-l, St Fin L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S7551
2011-2012: S3032
2013-2014: S1579
2015-2016: S3890

2017-S3268 (ACTIVE) - Summary

Allows a taxpayer to elect to contribute a gift to the love your library fund on corporate and personal income tax return forms.

2017-S3268 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S3268

 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 raise the visibility and public's awareness of libraries, and
create an additional revenue source for funding of summer reading
programs in libraries.

 SUMMARY OF PROVISIONS :

Section 1 amends the Tax Law by adding a new Section 209-I 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 return 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 99-4 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 99-1 of the State Finance Law by directing
funds generated as a result of these amendments to the Tax law into
the "Love Your Library Fund".

 JUSTIFICATION :

The New York Library Association reports that over 51% of New York's
citizens are registered library users. Marist College polls also
report that 57% of those polled believe that having a library in their
local community is very valuable, while 62% of those polled support an
increase of taxes to support library services in their community.

Citizens view libraries as a valuable resource, and this legislation
provides a new way for individuals to support increased library
funding.

Summer reading programs now reach over 900,000 New York children each
summer, keeping their reading skills from deteriorating while school
is not in session. The grants that will be made from the "love your
library fund" will support these programs. Moneys will be allocated
with attention to geographic diversity as well as population served.

 LEGISLATIVE HISTORY :

2015-16: S. 3890 - Referred to Investigations and Gov't Operations
2013-14: S.1579A - Referred to Investigations And Gov't Operations
2011-12: S.3032A/A.7044A - Passed Assembly; Referred to Invest. and
Gov't Ops
2009-10: S.7551/A.7253 - Veto Memo 6754

 FISCAL IMPLICATIONS :

None

 EFFECTIVE DATE :
Immediately.

2017-S3268 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3268
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 20, 2017
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment 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-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
 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD02413-01-7

 S. 3268                             2
 
 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 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.
   § 4. This act shall take effect immediately.

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