Provides a tax checkoff box on personal income tax return forms for gifts for the life pass it on trust fund for gifts for organ and tissue donation outreach and research.
TITLE OF BILL: An act to amend the tax law, in relation to providing a tax check off box on personal income tax return forms for the life pass it on trust fund
PURPOSE: To allow those filing taxes in the state of New York to contribute to the "life pass it on" trust fund for the purposes of outreach and research on this crucial issue.
SUMMARY OF PROVISIONS: Section 1 authorizes the Commissioner of the Department of Taxation and Finance to include space on the personal income tax return form for a 'check off' box that would allow individuals to contribute money to the "life pass it on" trust fund. Moneys in this fund shall be kept separate and shall be expended only for outreach and research related to organ and tissue donation.
JUSTIFICATION: Today, the need for organ and tissue donation is as acute as it has ever been. While the number of organ and tissue donors has remained static, the need for such donations has risen precipitously. Approximately 8,000 New Yorkers are currently on a waiting list for organ donation. Over 500 New Yorkers die each year due to the shortage of donors. In addition, some 15,000 New Yorkers need life saving or life enhancing tissue transplantation. Given the foregoing, the need for outreach and research in this area is tremendous. Currently, on the New York state tax form, one can return a gift to wildlife or to the Olympic fund. It seems only natural that one should have the option of contributing to an organ and tissue donation fund, which over time would have the practical effect of saving lives.
LEGISLATIVE HISTORY: 2010: A.6190A/4319A - Held in Finance Reintroduction from previous session bill (A.11262), although similar concept was codified in Chapter 415 of the Laws of 2003.
FISCAL IMPLICATIONS: None, per effect on the State, noted.
EFFECTIVE DATE: This act shall take effect on December 31st in the year in which it shall have become law and apply to all taxable years after such date.
STATE OF NEW YORK ________________________________________________________________________ 3596--A 2011-2012 Regular Sessions IN SENATE February 28, 2011 ___________Introduced by Sen. ADAMS -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to providing a tax check off box on personal income tax return forms for the life pass it on trust fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Part 2 of article 22 of the tax law is amended by adding a new section 630-c to read as follows: S 630-C. GIFT FOR ORGAN AND TISSUE DONATION OUTREACH AND RESEARCH. EFFECTIVE FOR ANY TAX YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND THIRTEEN, AN INDIVIDUAL IN ANY TAXABLE YEAR MAY ELECT TO CONTRIBUTE TO THE LIFE PASS IT ON TRUST FUND. THE 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 CONTRIB- UTION. NOTWITHSTANDING ANY OTHER PROVISION OF LAW ALL REVENUES COLLECTED PURSUANT TO THIS SECTION SHALL BE CREDITED TO THE LIFE PASS IT ON TRUST FUND AND USED ONLY FOR THOSE PURPOSES ENUMERATED IN SECTION NINETY-FIVE-D OF THE STATE FINANCE LAW, AS ADDED BY CHAPTER FOUR HUNDRED FIFTEEN OF THE LAWS OF TWO THOUSAND THREE. S 2. This act shall take effect on December 31 in the year in which it shall have become a law and shall apply to taxable years beginning after such date, provided, however, that effective immediately, all actions and procedures with respect to the proposed adoption, amendment, suspen- sion or repeal of any rule or regulation necessary for the timely imple- mentation of this act are directed and authorized to be made and completed on or before such effective date.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07513-02-1