S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3160
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 2, 2023
                                ___________
 
 Introduced by M. of A. RAJKUMAR -- read once and referred to the Commit-
   tee on Ways and Means
 
 AN  ACT  to  amend the tax law and the state finance law, in relation to
   gifts for the support  of  congressional  chartered  veterans  service
   organizations
 
   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-l  to
 read as follows:
   §  630-L.  GIFT TO THE CONGRESSIONAL CHARTERED VETERANS SERVICE ORGAN-
 IZATIONS FUND. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER JANUARY
 FIRST, TWO THOUSAND TWENTY-FOUR, AN INDIVIDUAL MAY ELECT  TO  CONTRIBUTE
 TO  THE  CONGRESSIONAL  CHARTERED  VETERANS  SERVICE  ORGANIZATIONS FUND
 CREATED PURSUANT TO SECTION NINETY-NINE-QQ OF THE STATE FINANCE LAW  FOR
 THE  SUPPORT  OF CONGRESSIONAL CHARTERED VETERANS SERVICE ORGANIZATIONS,
 WHO HELP ASSIST VETERANS IN GAINING ACCESS TO THE UNITED STATES  DEPART-
 MENT  OF VETERANS AFFAIRS BENEFITS AND THE STATE DEPARTMENT OF VETERANS'
 SERVICES BENEFITS THEY ARE ENTITLED TO. SUCH CONTRIBUTION  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 REVENUE COLLECTED PURSU-
 ANT TO THIS SECTION SHALL BE CREDITED TO THE FUND AND USED ONLY FOR  THE
 PURPOSES OF THE CONGRESSIONAL CHARTERED VETERANS SERVICE ORGANIZATIONS.
   § 2. The state finance law is amended by adding a new section 99-qq to
 read as follows:
   §  99-QQ. CONGRESSIONAL CHARTERED VETERANS SERVICE ORGANIZATIONS FUND.
 1. THERE IS HEREBY CREATED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER
 AND THE COMMISSIONER OF TAXATION AND FINANCE A FUND TO BE KNOWN  AS  THE
 "CONGRESSIONAL CHARTERED VETERANS SERVICE ORGANIZATIONS FUND". MONIES IN
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03533-01-3
 A. 3160                             2
              

 
 THE FUND SHALL BE KEPT SEPARATE FROM AND NOT COMMINGLED WITH OTHER FUNDS
 HELD IN THE SOLE CUSTODY OF THE COMMISSIONER OF TAXATION AND FINANCE.
   2.  SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPARTMENT
 OF TAXATION AND FINANCE, PURSUANT  TO  THE  PROVISIONS  OF  SECTION  SIX
 HUNDRED THIRTY-L OF THE TAX LAW AND ALL OTHER MONEYS APPROPRIATED, CRED-
 ITED,  OR  TRANSFERRED THERETO FROM ANY OTHER FUND OR SOURCE PURSUANT TO
 LAW.  NOTHING CONTAINED HEREIN SHALL PREVENT THE  STATE  FROM  RECEIVING
 GRANTS,  GIFTS  OR  BEQUESTS  FOR THE PURPOSES OF THE FUND AS DEFINED IN
 THIS SECTION AND DEPOSITING THEM INTO THE FUND ACCORDING TO LAW.
   3. MONEYS OF THE FUND MAY BE INVESTED BY THE  STATE  COMPTROLLER,  AND
 INCOME FROM THE INVESTMENTS OF MONEYS DEPOSITED TO THIS FUND PURSUANT TO
 SECTION  SIX HUNDRED THIRTY-L OF THE TAX LAW SHALL BE CREDITED SOLELY TO
 THIS FUND.
   4. MONIES OF THE FUND SHALL, AFTER APPROPRIATION BY  THE  LEGISLATURE,
 BE MADE AVAILABLE TO THE  DEPARTMENT OF VETERANS' SERVICES FOR GRANTS TO
 CONGRESSIONAL  CHARTERED  VETERANS SERVICE ORGANIZATIONS WHO HELP ASSIST
 VETERANS IN GAINING ACCESS TO THE UNITED STATES DEPARTMENT  OF  VETERANS
 AFFAIRS BENEFITS AND THE STATE DEPARTMENT OF VETERANS' SERVICES BENEFITS
 THEY ARE ENTITLED TO. THE STATE COMMISSIONER OF VETERANS' SERVICES SHALL
 PROMULGATE  RULES AND REGULATIONS NECESSARY FOR THE DISTRIBUTION OF SUCH
 GRANTS.
   5. TO THE EXTENT PRACTICABLE,  THE  STATE  COMMISSIONER  OF  VETERANS'
 SERVICES  SHALL ENSURE THAT ALL MONEYS 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-
 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  CONGRESSIONAL  CHARTERED VETERANS SERVICE ORGANIZATIONS FUND DURING
 THE PRECEDING CALENDAR YEAR AS THE RESULT OF REVENUE DERIVED PURSUANT TO
 SECTION SIX HUNDRED THIRTY-L OF THE TAX LAW  AND  ANY  INCOME  GENERATED
 FROM  INVESTMENTS OF THE MONEYS IN THE FUND IN  ACCORDANCE WITH SUBDIVI-
 SION THREE OF THIS SECTION.
   7. ON OR BEFORE THE FIRST DAY OF FEBRUARY EACH YEAR, THE STATE COMMIS-
 SIONER OF VETERANS'   SERVICES 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, CHAIR OF  THE  SENATE  VETERANS,  HOMELAND  SECURITY  AND  MILITARY
 AFFAIRS  COMMITTEE,  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 INCLUDE:
   (A) THE AMOUNT OF MONEY DISBURSED FROM THE FUND;
   (B) THE RECIPIENTS OF AWARDS FROM THE FUND;
   (C) THE AMOUNT AWARDED TO EACH RECIPIENT;
   (D) THE PURPOSES FOR WHICH SUCH AWARDS WERE GRANTED; AND
   (E) 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.