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STATE OF NEW YORK
________________________________________________________________________

4269

2011-2012 Regular Sessions

IN ASSEMBLY

February 2, 2011
___________

Introduced  by  M.  of  A.  M. MILLER  --  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 for the support of the veterans of foreign wars service officers
  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-c  to
read as follows:
  S  630-C.  GIFT TO THE VETERANS OF FOREIGN WARS SERVICE OFFICERS FUND.
EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR  AFTER  JANUARY  FIRST,  TWO
THOUSAND  ELEVEN,  AN INDIVIDUAL MAY ELECT TO CONTRIBUTE TO THE VETERANS
OF FOREIGN WARS SERVICE OFFICERS FUND CREATED PURSUANT TO SECTION  NINE-
TY-SEVEN-KKKK  OF  THE STATE FINANCE LAW FOR THE SUPPORT OF THE VETERANS
OF FOREIGN WARS SERVICE OFFICERS, WHO HELP ASSIST  VETERANS  IN  GAINING
ACCESS  TO DEPARTMENT OF VETERANS AFFAIRS 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 PURSUANT TO THIS SECTION SHALL BE CREDITED TO THE FUND
AND  USED  ONLY FOR THE PURPOSES OF THE VETERANS OF FOREIGN WARS SERVICE
OFFICERS.
  S 2. The state finance law is amended by adding a new section  97-kkkk
to read as follows:
  S  97-KKKK.  VETERANS OF FOREIGN WARS SERVICE OFFICERS 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 "VETERANS
OF FOREIGN WARS SERVICE OFFICERS FUND".
  2.  SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPARTMENT
OF TAXATION AND FINANCE, PURSUANT  TO  THE  PROVISIONS  OF  SECTION  SIX

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04737-01-1
A. 4269                             2

HUNDRED THIRTY-C OF THE TAX LAW AND ALL OTHER MONEYS APPROPRIATED, CRED-
ITED,  OR  TRANSFERRED THERETO FROM ANY OTHER FUND OR SOURCE PURSUANT TO
LAW. FOR EACH STATE FISCAL YEAR, THERE SHALL BE APPROPRIATED TO THE FUND
BY  THE  STATE, IN ADDITION TO ALL OTHER MONEYS REQUIRED TO BE DEPOSITED
INTO SUCH FUND, AS AMOUNT EQUAL TO THE AMOUNTS OF MONEYS  COLLECTED  AND
DEPOSITED  INTO THE FUND PURSUANT TO SECTION SIX HUNDRED THIRTY-C OF THE
TAX LAW DURING THE PRECEDING CALENDAR YEAR, AS CERTIFIED  BY  THE  COMP-
TROLLER. 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-C OF THE TAX LAW SHALL BE CREDITED SOLELY TO
THIS FUND.
  S 3. This act shall take effect immediately.