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A10570Assembly2009-2010 Session

Provides for corporate franchise tax and personal income gifts for the Helping Our Military in Emergencies (HOME) fund and establishes such fund

Sponsor James TediscoAD-110+2 co-sponsorsAffects Finance
Status
In Assembly Committee
Ways And Means
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Ways And Means

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Who cares

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Sponsors

Primary sponsor
James Tedisco

Assembly Member · Assembly District 110

History

  1. Referred to ways and means

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:A10570

Title of bill

An act to amend the tax law and the state finance law, in relation to providing for taxpayer gifts for the Helping Our Military in Emergencies (HOME) fund and establishing such fund

Purpose or general idea of bill

Provides for corporate franchise tax and personal income gifts for Helping Our Military in Emergencies (HOME) fund and establishes this fund.

Summary of specific provisions

1. Establishes the HOME fund.

2. This fund consists of revenue received by the Department of Taxation and Finance

3. Money in this fund will be given to families encountering financial emergencies while their loved ones are serving in a combat zone.

4. Money is payable from the fund on the audit and warrant of the comp- troller on vouchers approved and certified by the Adjutant General of the Division of Military and Naval Affairs.

5. The Division of Military and Naval Affairs shall ensure that all monies received during the fiscal year are expended prior to the end of the fiscal year.

Justification

The fund would be established by the State Division of Military and Naval Affairs and funded solely by taxpayers who wanted to donate by voluntarily checking a box that would appear on their state tax return. The money would be used to help families who are encounter- ing financial emergencies while their loved ones are serving in the combat zone.

Prior legislative history

2008: A.5686; Held for consideration in Ways and Means 2007: A.5686; Referred to Ways and Means 2006: A.4245; Referred to Ways and Means 2005: A.4245; Referred to Ways and Means

Fiscal implications

EFFECTIVE DATE: Immediately

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.