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Who cares
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Sponsors
No co-sponsors yet.
History
- 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, in relation to gift for city university of New York
Purpose
To raise the visibility and public's awareness of CUNY, and create an additional revenue source for funding of the City University Construction Fund.
Summary of provisions
Section 1. The tax law is amended by adding a new section 630-e to read as follows: § 630e. Gift for City University of New York. An individual in any taxable year may elect to contribute to the city university of New York. Such contribution shall be in any whole dollar amount and shall not reduce the amount of state tax owed by such individual. The commissioner shall include space on the personal income tax return to enable a taxpayer to make such contribution. Notwithstanding any other provision of law all revenues collected pursuant to this section shall be credited to the city university construction fund and used only for the purposes enumerated in section sixty-two hundred seventy-three of the education law.
Existing law
New
Justification
Quality education is crucial in the development, growth and productivity of our state. For some individuals the cost of tuition can be a stumbling block that prevents them from reaching their desired educational goal. CUNY is of fundamental significance to those who are reliant on financial opportunities in obtaining higher education in the city of New York. CUNY reports that of all enrolled undergraduates in New York City attend a CUNY college. Monies allocated will be directed to the City University Construction Fund for the purposes of design and construction of space necessary to maintain the educational mandate of CUNY
Legislative history
None
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.