Bill Text: NY S00558 | 2015-2016 | General Assembly | Amended

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Bill Title: Allows taxpayers to contribute to the tuition assistance program on personal income tax forms; establishes the gifts to the tuition assistance program fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-27 - PRINT NUMBER 558A [S00558 Detail]

Download: New_York-2015-S00558-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         558--A
                               2015-2016 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 7, 2015
                                       ___________
        Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations -- recommitted to the Committee on Investigations  and
          Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        AN  ACT  to  amend the tax law and the state finance law, in relation to
          allowing taxpayers to contribute to the tuition assistance program  on
          personal income tax returns
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The tax law is amended by adding a  new  section  630-e  to
     2  read as follows:
     3    §  630-e.  Gifts  to the tuition assistance program. Effective for any
     4  taxable year commencing on or after January first,  two  thousand  nine-
     5  teen,  an  individual in any taxable year may elect to contribute to the
     6  gifts to the tuition assistance  program  fund  established  in  section
     7  eighty-one  of  the state finance law. Such contribution shall be in any
     8  whole dollar amount and shall not reduce the amount of state tax owed by
     9  such individual. The commissioner shall include space  on  the  personal
    10  income  tax  return  to  enable  a  taxpayer  to make such contribution.
    11  Notwithstanding any other provision of law all revenues collected pursu-
    12  ant to this section shall be  credited  to  the  gifts  to  the  tuition
    13  assistance  program fund; used in addition to, not to supplant, existing
    14  funding under the tuition assistance program; and used  for  only  those
    15  purposes  enumerated in section six hundred sixty-seven of the education
    16  law.
    17    § 2. The state finance law is amended by adding a new  section  81  to
    18  read as follows:
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06908-03-6