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History
- Reported and committed to finance
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law and the state finance law, in relation to the love your library fund
Purpose or general idea of bill
To raise the visibility and public's awareness of libraries, and create an additional revenue source for funding of summer reading programs in libraries.
Summary of specific provisions
Section One of this bill would amend the Tax Law to authorize corporate income taxpayers to contribute to the love your library fund. The contribution would be in any whole dollar amount and would not reduce the amount of state tax paid. The Commissioner would include space on the corporate income tax return to enable taxpayers to make these contributions. All revenues thus collected would be credited to the love your library fund and shall be used only for purposes as enumerated in the State Finance Law.
Section Two of this bill would further amend the Tax Law to add equivalent provisions for personal income taxpayers.
Section Three of this bill would also the State Finance Law by directing funds generated as a result of these amendments to the Tax law into the "Love Your Library Fund".
Justification
The New York Library Association reports that over 51% of New York's population are registered library users.
Recent polls by Marist College also report that 67% of those polled believe that having a library in their local community is very valuable, while 62% of those polled support an increase of taxes to support library services in their community.
Citizens view libraries as a valuable resource. By offering this new way for individuals to support increased library funding we are offering the people of New York State an alternative source of promoting libraries though additional funding and increased visibility.
Summer reading programs now reach over 900,000 New York children each summer, keeping their reading skills from deteriorating while school is not in session. The grants that will be made from the "love your library fund" will support these programs. Moneys will be allocated with attention to geographic diversity as well as population served.
Fiscal implications
None Noted.
Prior legislative history
2008 - S.1957A: Referred to Standing Committee on Investigations.
Effective date
This act would take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.