This bill has been amended

Bill S1492-2009

Provides for corporate franchise tax and personal income tax check-offs for taxpayer gifts for diabetes research and education; establishes diabetes fund

Provides for a corporate franchise tax check-off and a personal income tax check-off for taxpayer gifts for diabetes research and education; establishes the diabetes research and education fund.

Details

Actions

  • Jan 6, 2010: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • Feb 2, 2009: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Memo

 BILL NUMBER:  S1492

TITLE OF BILL : An act to amend the tax law and the state finance law, in relation to providing for taxpayer gifts for diabetes research and education and establishing the diabetes research and education fund

PURPOSE : To provides for corporate franchise tax and personal income tax check-offs for taxpayer gifts for diabetes research and education. Additionally, this bill also establishes the diabetes research and education fund to providing funding for diabetes research and educational projects.

SUMMARY OF PROVISIONS : Section 1 -- Amends the Tax Law by adding a new section 209-g to enable corporate taxpayers to make a contribution to the Diabetes Research and Education Fund. This contribution can be made in any whole dollar amount and shall not reduce the amount of the state tax owed by the taxpayer. In addition, this section mandates that all revenues collected be credited to the Diabetes Research and Education Fund, as enumerated in the State Finance Law.

Section 2 -- Amends the Tax Law by adding a new section 630-b to enable individual taxpayers to make a contribution to the Diabetes Research and Education Fund. This contribution can be made in any whole dollar amount and shall not reduce the amount of the state tax owed by the taxpayer. Additionally, this section mandates that all revenues collected be credited to the Diabetes Research and Education Fund, as enumerated in the State Finance Law.

Section 3 -- Adds a section 89-h to the State Finance Law and creates the Diabetes Research and Education Fund. This special fund will provide funding to diabetes research and educational projects.

Section 4 -- Effective date.

JUSTIFICATION : Currently millions of New Yorkers are affected by diabetes, and there is still no established cure. This bill would help to increase funding for basic scientific research into a cure for diabetes, as well as other important educational programs by simply allowing taxpayers to make a donation on their personal or corporate tax returns.

There are now a number of other groups listed in the "voluntary gifts/contributions" section on New York State IT-201. These categories include, "Return a gift to wildlife," "Missing/Exploited children fund," and the "Alzheimer's Fund." Certainly contributing to a cure for diabetes is a concern that rivals the importance of these other deserved causes.

This bill would allow for a "diabetes research/education" category on New York State personal and corporate income tax forms, along with these other important categories, facilitating greater funds for diabetes programs.

LEGISLATIVE HISTORY : 2007-2008 -- S.1275/A.2408 2005-2006 -- S.39-A/A.1115-A 2003-2004 -- S.1144-A/A.1937-A 2001-2002 -- S.5417-A/A.5439-A

FISCAL IMPLICATIONS : It has been estimated that this bill could raise up to $1 million to be deposited into the Diabetes Research and Education Fund. EFFECTIVE DATE : Immediately.

Text

STATE OF NEW YORK ________________________________________________________________________ 1492 2009-2010 Regular Sessions IN SENATE February 2, 2009 ___________
Introduced by Sens. DeFRANCISCO, GRIFFO, LANZA, LARKIN, MAZIARZ, SAMP- SON, SEWARD, VOLKER -- read twice and ordered printed, and when print- ed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law and the state finance law, in relation to providing for taxpayer gifts for diabetes research and education and establishing the diabetes research and education 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-g to read as follows: S 209-G. GIFT FOR DIABETES RESEARCH AND EDUCATION. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER THE EFFECTIVE DATE OF THIS SECTION, A TAXPAYER IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE SUPPORT OF THE DIABETES RESEARCH AND EDUCATION 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 CONTRIB- UTION. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, ALL REVENUES COLLECTED PURSUANT TO THIS SECTION SHALL BE CREDITED TO THE DIABETES RESEARCH AND EDUCATION FUND AND SHALL BE USED ONLY FOR THOSE PURPOSES ENUMERATED IN SECTION EIGHTY-NINE-H OF THE STATE FINANCE LAW. S 2. Part 2 of article 22 of the tax law is amended by adding a new section 630-b to read as follows: S 630-B. GIFT FOR DIABETES RESEARCH AND EDUCATION. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER THE EFFECTIVE DATE OF THIS SECTION, AN INDIVIDUAL IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE DIABETES RESEARCH AND EDUCATION 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. NOTWITH-
STANDING ANY OTHER PROVISION OF LAW ALL REVENUES COLLECTED PURSUANT TO THIS SECTION SHALL BE CREDITED TO THE DIABETES RESEARCH AND EDUCATION FUND AND USED ONLY FOR THOSE PURPOSES ENUMERATED IN SECTION EIGHTY-NINE-H OF THE STATE FINANCE LAW. S 3. The state finance law is amended by adding a new section 89-h to read as follows: S 89-H. DIABETES RESEARCH AND EDUCATION FUND. 1. THERE IS HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE COMMISSIONER OF TAXATION AND FINANCE AND THE COMPTROLLER, A SPECIAL FUND TO BE KNOWN AS THE "DIABETES RESEARCH AND EDUCATION FUND". 2. SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPARTMENT OF TAXATION AND FINANCE, PURSUANT TO THE PROVISIONS OF SECTION TWO HUNDRED NINE-G AND SECTION SIX HUNDRED THIRTY-B OF THE TAX LAW AND ALL OTHER MONEYS APPROPRIATED, CREDITED, 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. MONIES OF THE FUND SHALL BE EXPENDED ONLY FOR DIABETES RESEARCH AND EDUCATIONAL PROJECTS. AS USED IN THIS SECTION, "DIABETES RESEARCH AND EDUCATION PROJECTS" MEANS SCIENTIFIC RESEARCH OR EDUCATIONAL PROJECTS, INCLUDING DEMONSTRATION AND EDUCATION GRANTS FOR DIABETES EDUCATION RESEARCH, WHICH, PURSUANT TO SECTION TWENTY-SEVEN HUNDRED NINETY-SIX OF THE PUBLIC HEALTH LAW, AS ADDED BY CHAPTER FIVE HUNDRED NINETY-SIX OF THE LAWS OF NINETEEN HUNDRED EIGHTY-FIVE, ARE APPROVED BY THE DEPARTMENT OF HEALTH. 4. MONIES SHALL BE PAYABLE FROM THE FUND ON THE AUDIT AND WARRANT OF THE COMPTROLLER ON VOUCHERS APPROVED AND CERTIFIED BY THE COMMISSIONER OF HEALTH. 5. TO THE EXTENT PRACTICABLE, THE COMMISSIONER OF HEALTH SHALL ENSURE THAT ALL MONIES RECEIVED DURING A FISCAL YEAR ARE EXPENDED PRIOR TO THE END OF THAT FISCAL YEAR. S 4. This act shall take effect immediately.

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