What's happening
This bill allows New York taxpayers to donate to a new fund supporting affordable housing for veterans and seniors via their tax return.
Why it matters
Gives New Yorkers a direct way to support affordable housing for veterans and seniors through voluntary donations, potentially increasing funding for these vulnerable groups without raising taxes.
Creates transparency and accountability by requiring annual public reports on how donated funds are used, including detailed breakdowns of recipients, amounts granted, and the purposes of the expenditures.
Designates the New York State Director of Veterans’ Affairs as a key administrator for the fund, ensuring that funds are managed by an office with expertise in veterans’ issues and needs.
Mandates timely use of contributions within each fiscal year, aiming for rapid deployment of resources to address urgent housing needs among veterans and seniors.
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Who cares
- Likely support
Veterans and seniors
The bill would establish a fund intended to support the creation of affordable housing for them.
New York personal income taxpayers
They could voluntarily contribute whole-dollar amounts through their tax returns beginning with tax year 2021, without reducing their state tax owed.
State Division of Veterans’ Affairs
Its director would share custody of the fund, seek to spend receipts within the fiscal year where practicable and report annually on awards and financial plans.
Department of Taxation and Finance and state comptroller
They would share custody of the fund, with the department adding a contribution option to tax returns and the comptroller certifying annual deposits to state leaders.
Headline styles
Fund Affordable Housing for Veterans
Plain English, a few words. Used as the page title.
Sponsors
History
- Print number 2143a
- Amend and recommit to ways and means
- Referred to ways and means
- Reported referred to rules
- Referred to ways and means
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.
Fund Affordable Housing for Veterans
In Senate Committee · Budget And Revenue · Sponsor James Sanders Jr.
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2143--A
2019-2020 Regular Sessions
IN ASSEMBLY
January 22, 2019
Introduced by M. of A. PICHARDO, JAFFEE, TAYLOR, ARROYO, DE LA ROSA -read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- 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 gifts to the affordable housing for veterans and seniors fund
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The tax law is amended by adding a new section 630-h to read as follows:
§ 630-h. Gift for the creation of affordable housing for veterans and seniors. Effective for any tax year commencing on or after January first, two thousand twenty-one, an individual in any taxable year may elect to contribute to the affordable housing for veterans and seniors (A.H.V.S.) fund. 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 A.H.V.S. fund and used only for those purposes enumerated in section ninety-nine-hh of the state finance law.
§ 2. The state finance law is amended by adding a new section 99-hh to read as follows:
§ 99-hh. Affordable housing for veterans and seniors fund. 1. There is hereby established in the joint custody of the commissioner of taxation and finance, the New York state director of veterans' affairs and the comptroller, a special fund to be known as the "affordable housing for veterans and seniors fund".
2. The affordable housing for veterans and seniors fund shall consist of all moneys received by the state pursuant to section six hundred
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06401-02-9
A. 2143--A 2
thirty-h of the tax law. Such amounts deposited shall be credited solely to the affordable housing for veterans and seniors fund.
3. To the extent practicable, the New York state director of veterans' affairs shall ensure that all monies received during a fiscal year are expended prior to the end of that fiscal year.
4. On or before the first day of February each year, the comptroller shall certify to the governor, temporary president of the senate, speaker of the assembly, chair of the senate finance committee and chair of the assembly ways and means committee, the amount of money deposited in the affordable housing for veterans and seniors fund during the preceding calendar year as the result of revenue derived pursuant to section six hundred thirty-h of the tax law.
5. On or before the first day of February each year, the director of the state division of veterans' affairs shall provide a written report to the temporary president of the senate, speaker of the assembly, chair of the senate finance committee, chair of the assembly ways and means committee, chair of the senate committee on veterans, homeland security and military affairs, chair of the assembly veterans' affairs committee, and the public. Such report shall include how the monies of the fund were utilized during the preceding calendar year and shall also include:
(i) the amount of money disbursed from the fund;
(ii) the recipients of awards from the fund;
(iii) the amount awarded to each recipient;
(iv) the purposes for which such awards were granted; and
(v) a summary financial plan for such monies which shall include estimates of all receipts and all disbursements for the current and succeeding fiscal years, along with the actual results from the prior fiscal year.
§ 3. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.