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Sponsors
1 Co-sponsor
History
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Allows for a gift to the love your library fund on corporate and personal income tax return forms
In Senate Committee · Investigations And Government Operations · Sponsor Sandy Galef
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6872
Title of bill
An act to amend the tax law and the state finance law, in relation to the love your library fund
Purpose
To support and promote local libraries and their summer reading programs by allowing contributions to be made into the Love Your Library Fund via corporate and personal income tax return forms.
Summary of provisions
Section 1 amends the Tax Law by adding a new Section 209-1 authorizing corporate income taxpayers to contribute to the Love Your Library Fund. The contribution can be in any whole dollar amount and shall not reduce the amount of state tax paid. The Commissioner shall include space on the corporate income tax returns to enable taxpayers to make these contributions. All revenues thus collected shall be credited to the Love Your Library Fund and shall be used only for purposes enumerated in Section 99-L of the State Finance Law.
Section 2 amends the Tax Law by adding a new Section 630-d with equivalent provisions for personal income taxpayers.
Section 3 amends section 99-L of the State Finance Law by directing funds generated as a result of these amendments to the Tax Law into the "Love Your Library Fund."
Section 4 establishes the effective date.
Justification
The New York Library Association reports that over 53% of New York's residents are registered library users. In 2011, there were 159.4 million visits to a local library, and 7.7 million New Yorkers attended over 407,000 free public library programs in 2011. Citizens view libraries as a valuable resource, and this legislation provides a new way for individuals to support library programs for children.
According to New York State Library officials, the 2013 Summer Reading Program had 1.76 million youth participants statewide. This program helps children maintain and improve their reading skills, which might otherwise deteriorate while school is not in session. The State Library coordinates the program and works with 23 library systems to offer the program in hundreds of local libraries throughout New York State, providing a summer reading theme, promotional material, a creative idea manual, and state-level support. Contributions made to the "Love Your Library Fund" will support and expand these programs.
Fiscal implications
There are no fiscal implications.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.