New York S 939: Enacts the "omnibus emergency services volunteer incentive act" to provide certain benefits to volunteer firefighters and ambulance workers

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S00939 Summary:

BILL NOS00939 

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SAME ASSAME AS A05177

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SPONSORSANDERS

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COSPNSRKRUEGER

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MLTSPNSR

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Add §630-m, Tax L; add §99-ss, St Fin L

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Establishes a fund for the creation of affordable housing for veterans and seniors.

Go to top S00939 Actions:

BILL NOS00939 

&nbsp

01/08/2025REFERRED TO BUDGET AND REVENUE

03/12/20251ST REPORT CAL.549

03/13/20252ND REPORT CAL.

03/17/2025ADVANCED TO THIRD READING 

06/13/2025COMMITTED TO RULES

01/07/2026REFERRED TO BUDGET AND REVENUE

02/10/2026REPORTED AND COMMITTED TO FINANCE

Go to topS00939 Committee&nbspVotes:

Go to topS00939 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00939 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 939

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. SANDERS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Budget and Revenue

 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 Assem-
 bly, do enact as follows:

 1 Section 1. The tax law is amended by adding a new section 630-m to
 2 read as follows:
 3 § 630-m. Gift for the creation of affordable housing for veterans and
 4 seniors. Effective for any tax year commencing on or after January
 5 first, two thousand twenty-seven, an individual in any taxable year may
 6 elect to contribute to the affordable housing for veterans and seniors
 7 (A.H.V.S.) fund. Such contribution shall be in any whole dollar amount
 8 and shall not reduce the amount of state tax owed by such individual.
 9 The commissioner shall include space on the personal income tax return
 10 to enable a taxpayer to make such contribution. Notwithstanding any
 11 other provision of law all revenues collected pursuant to this section
 12 shall be credited to the A.H.V.S. fund and used only for those purposes
 13 enumerated in section ninety-nine-ss of the state finance law.
 14 § 2. The state finance law is amended by adding a new section 99-ss to
 15 read as follows:
 16 § 99-ss. Affordable housing for veterans and seniors fund. 1. There is
 17 hereby established in the joint custody of the commissioner of taxation
 18 and finance, the New York state director of veterans' affairs and the
 19 comptroller, a special fund to be known as the "affordable housing for
 20 veterans and seniors fund".
 21 2. The affordable housing for veterans and seniors fund shall consist
 22 of all moneys received by the state pursuant to section six hundred
 23 thirty-m of the tax law. Such amounts deposited shall be credited solely
 24 to the affordable housing for veterans and seniors fund.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03109-01-5

 S. 939 2

 1 3. To the extent practicable, the New York state director of veterans'
 2 affairs shall ensure that all monies received during a fiscal year are
 3 expended prior to the end of that fiscal year.
 4 4. On or before the first day of February each year, the comptroller
 5 shall certify to the governor, the temporary president of the senate,
 6 the speaker of the assembly, the chair of the senate finance committee
 7 and the chair of the assembly ways and means committee, the amount of
 8 money deposited in the affordable housing for veterans and seniors fund
 9 during the preceding calendar year as the result of revenue derived
 10 pursuant to section six hundred thirty-m of the tax law.
 11 5. On or before the first day of February each year, the director of
 12 the state division of veterans' affairs shall provide a written report
 13 to the temporary president of the senate, the speaker of the assembly,
 14 the chair of the senate finance committee, the chair of the assembly
 15 ways and means committee, the chair of the senate committee on veterans,
 16 homeland security and military affairs, the chair of the assembly veter-
 17 ans' affairs committee, and the public. Such report shall include how
 18 the monies of the fund were utilized during the preceding calendar year
 19 and shall