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NY A07253
Bill
Status
8/13/2010
Primary Sponsor
Naomi Rivera
Click for details
AI Summary
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Establishes a voluntary contribution option on both corporate income tax returns (Section 209-H) and personal income tax returns (Section 630-C) allowing taxpayers to donate whole dollar amounts to the Love Your Library Fund, effective for tax years beginning January 1, 2011
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Contributions are entirely optional and do not reduce the amount of state income tax owed by the taxpayer
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Requires the Tax Commissioner to include space on tax return forms to enable taxpayers to make such contributions
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All revenues collected from these voluntary contributions must be credited to the Love Your Library Fund and used only for purposes enumerated in Section 99-L of the State Finance Law
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Takes effect immediately upon enactment
Legislative Description
Allows a taxpayer to elect to contribute a gift to the love your library fund on corporate and personal income tax return forms.
Last Action
tabled
8/16/2010