Bill

Bill > A01866


NY A01866

NY A01866
Establishes the congressional chartered veterans service organizations fund; provides for gifts made to such fund on an individual's personal income tax return.


summary

Introduced
01/14/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law and the state finance law, in relation to gifts for the support of congressional chartered veterans service organizations

AI Summary

This bill establishes a new voluntary tax donation mechanism that allows New York state taxpayers to contribute whole dollar amounts to a newly created Congressional Chartered Veterans Service Organizations Fund starting in the 2026 tax year. The fund will be jointly managed by the state comptroller and tax commissioner, with revenues specifically dedicated to supporting veterans service organizations that help veterans access benefits from the U.S. Department of Veterans Affairs and New York State Department of Veterans' Services. The bill requires the state commissioner of veterans' services to distribute grants to these organizations and provides detailed transparency requirements, including an annual February report to key legislative leaders that details fund usage, including the amount of money disbursed, recipients, award amounts, and purposes. The contributions will not reduce the taxpayer's tax liability, and the fund can also accept additional grants, gifts, or bequests. The goal is to provide financial support for organizations that help veterans navigate and access the benefits they are entitled to receive. The bill takes effect immediately upon passage.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

referred to ways and means (on 01/07/2026)

bill text


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