Legislation
SECTION 626
The United States Olympic Committee/Lake Placid Olympic Training Center Fund
Tax (TAX) CHAPTER 60, ARTICLE 22, PART 2
§ 626. The United States Olympic Committee/Lake Placid Olympic
Training Center Fund. Effective for any taxable year commencing on or
after the first day of January next succeeding the effective date of
this section, an individual in any taxable year may elect to contribute
an amount of two dollars to the United States Olympic Committee/Lake
Placid Olympic Training Center Fund. Such contribution shall not reduce
the amount of state tax owed by such individual. The commissioner shall
include a space on the personal income tax return to enable a taxpayer
to make such contribution. Notwithstanding any other provision of law to
the contrary, all revenues collected pursuant to this section shall be
credited to the United States Olympic Committee/Lake Placid Olympic
Training Center Fund and used only for those purposes enumerated in
section eighty-four of the state finance law.
Training Center Fund. Effective for any taxable year commencing on or
after the first day of January next succeeding the effective date of
this section, an individual in any taxable year may elect to contribute
an amount of two dollars to the United States Olympic Committee/Lake
Placid Olympic Training Center Fund. Such contribution shall not reduce
the amount of state tax owed by such individual. The commissioner shall
include a space on the personal income tax return to enable a taxpayer
to make such contribution. Notwithstanding any other provision of law to
the contrary, all revenues collected pursuant to this section shall be
credited to the United States Olympic Committee/Lake Placid Olympic
Training Center Fund and used only for those purposes enumerated in
section eighty-four of the state finance law.