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NY A07430
Bill
Status
11/7/2014
Primary Sponsor
Harvey Weisenberg
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AI Summary
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Allows New York State taxpayers to voluntarily contribute to a new Homeless Veterans Assistance Fund through a check-off option on personal income tax returns, effective for tax years beginning January 1, 2015.
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Contributions are made in whole dollar amounts and do not reduce the taxpayer's state income tax liability.
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Establishes the Homeless Veterans Assistance Fund under joint custody of the Commissioner of Taxation and Finance, the New York State Director of Veterans Affairs, and the Comptroller.
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Fund revenues from tax check-offs, grants, gifts, and bequests are matched dollar-for-dollar by state appropriations and may be used only for assistance and care of homeless veterans, including housing and housing-related expenses.
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Comptroller must certify annually to state leadership the amount of money deposited in the fund from tax check-offs and other sources by February 1st.
Legislative Description
Establishes the homeless veterans assistance fund and authorizes gifts to such fund through a state income tax check-off.
Last Action
signed chap.428
11/7/2014