Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 14, 2020 |
enacting clause stricken |
Jan 08, 2020 |
referred to ways and means |
Jan 24, 2019 |
referred to ways and means |
Assembly Bill A2598
2019-2020 Legislative Session
Sponsored By
GANTT
Archive: Last Bill Status - Stricken
- 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
2019-A2598 (ACTIVE) - Details
2019-A2598 (ACTIVE) - Summary
Establishes the gift to the housing assistance fund; provides that on or after January 1, 2020 an individual may contribute to the housing assistance fund for homeless housing projects; requires tax commissioner to include space on income tax return for such contribution.
2019-A2598 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2598 2019-2020 Regular Sessions I N A S S E M B L Y January 24, 2019 ___________ Introduced by M. of A. GANTT -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law and the state finance law, in relation to gifts to the housing assistance 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-g to read as follows: § 630-G. GIFT TO THE HOUSING ASSISTANCE FUND. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY, AN INDI- VIDUAL MAY ELECT TO CONTRIBUTE TO THE HOUSING ASSISTANCE FUND FOR HOME- LESS HOUSING PROJECTS. SUCH CONTRIBUTIONS SHALL BE IN ANY WHOLE DOLLAR AMOUNT AND SHALL NOT REDUCE THE AMOUNT OF 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 HOUSING ASSISTANCE FUND AND USED ONLY FOR THOSE PURPOSES ENUMERATED IN SECTION NINETY-TWO-Q OF THE STATE FINANCE LAW. § 2. Subdivision 3 of section 92-q of the state finance law, as added by chapter 261 of the laws of 1988, is amended and three new subdivi- sions 5, 6 and 7 are added to read as follows: 3. Moneys of the fund may be invested by the state comptroller and income from such investments shall be credited to the general fund PROVIDED, HOWEVER, THAT INCOME FROM THE INVESTMENT OF MONEYS DEPOSITED TO THIS FUND PURSUANT TO SECTION SIX HUNDRED THIRTY-G OF THE TAX LAW SHALL BE CREDITED SOLELY TO THIS FUND AND NOT TO THE GENERAL FUND. 5. TO THE EXTENT PRACTICABLE, THE COMMISSIONER OF HOUSING AND COMMUNI- TY RENEWAL SHALL ENSURE THAT ALL MONIES RECEIVED DURING A FISCAL YEAR ARE EXPENDED PRIOR TO THE END OF THAT FISCAL YEAR. 6. ON OR BEFORE THE FIRST DAY OF FEBRUARY EACH YEAR, THE COMPTROLLER SHALL CERTIFY TO THE GOVERNOR, TEMPORARY PRESIDENT OF THE SENATE, SPEAK- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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