N.Y. Tax Law 629-B – Gift for substance use disorder education and recovery
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§ 629-b. Gift for substance use disorder education and recovery. 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 substance use disorder education and recovery 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 § -j of the state finance law.
Terms Used In N.Y. Tax Law 629-B
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.