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NY A00932
Bill
Status
Introduced
1/5/2011
Primary Sponsor
Felix Ortiz
Click for details
AI Summary
- Adds Tax Law Section 630-C to allow individual taxpayers to voluntarily contribute whole dollar amounts to the World Trade Center Relief Fund on their personal income tax returns, effective for tax years beginning January 1st following enactment
- Contributions are purely voluntary and do not reduce state tax liability owed by the taxpayer
- Establishes the World Trade Center Relief Fund in the joint custody of the State Comptroller and Commissioner of Taxation and Finance to receive and hold all revenues from these voluntary contributions
- Fund moneys shall be held in interest-bearing accounts in public depositories, may be invested by the State Treasurer, and any earned interest or income shall be credited back to the fund
- All fund moneys, available by appropriation, shall be used exclusively for cleanup and rebuilding of New York City following the September 11, 2001 terrorist attack and to provide assistance to families affected by the attack
Legislative Description
Creates the World Trade Center Relief Fund; authorizes taxpayers to make a contribution to such fund by checking off the appropriate space on their income tax return.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means1/5/2011
Full Bill Text
No bill text available