NY S06577

Allows taxpayers to voluntarily contribute whole dollar amounts to the veterans' home assistance fund on their corporate income tax returns (Section 209-J) and personal income tax returns (Section 627-c), effective for tax years beginning January 1, 2017, without reducing their tax liability.

Establishes the veterans' home assistance fund in the joint custody of the commissioner of taxation and finance and the comptroller to receive contributions, grants, gifts, and bequests for veterans' homes.

Requires the state to appropriate annually to the fund an amount equal to all voluntary contributions and other moneys received in the preceding calendar year.

Mandates equal distribution of fund moneys each fiscal year to five state veterans' homes: Oxford, New York City, Batavia, Montrose, and Long Island at Stony Brook University, for their care and maintenance.

Requires the commissioner of health to file an annual report by February 1st to legislative leaders and the public detailing fund disbursements, recipients, award amounts, purposes, and financial forecasts.