NY A04625

Establishes the "veterans' organization relief fund" jointly controlled by the Commissioner of Taxation and Finance and the Comptroller to provide aid and assistance to eligible veterans' organizations.

Allows taxpayers to make voluntary contributions to the fund on both corporate income tax returns (section 209-q) and personal income tax returns (section 630-l) in any whole dollar amount without reducing their tax liability.

Requires the New York State Director of Veterans' Services to establish eligibility criteria for organizations and to expend fund monies within one calendar year of receipt when practicable.

Mandates annual reporting by February 1st to legislative leaders and the public detailing fund deposits, recipients, award amounts, award purposes, and financial projections.

Appropriates $100,000,000 from the state general fund to the Division of Veterans' Services to implement the act, effective 120 days after enactment.