NY A05133

Allows individual and corporate taxpayers to voluntarily contribute whole dollar amounts to a New York State Natural Disaster Relief Fund on their tax returns without reducing their tax liability.

Establishes the New York State Natural Disaster Relief Fund in joint custody of the Commissioner of Taxation and Finance and the Comptroller to collect these voluntary contributions plus any grants, gifts, or bequests.

Restricts fund expenditures to providing immediate relief to persons affected by natural disasters, including food, clothing, and temporary shelter, only upon declaration of a disaster emergency under Executive Law Section 28.

Requires the Commissioner of the Department of Taxation and Finance to include space on both corporate and personal income tax returns for taxpayers to make contributions to the relief fund.

Clarifies that contributions to the relief fund are not deductible as charitable contributions under the Internal Revenue Code, preventing double tax benefits.