N.Y. Tax Law 630-G*3 – Gift to the arts fund
Current as of: 2024 | Check for updates
|
Other versions
* § 630-g. Gift to the arts fund. Effective for any tax year commencing on or after January first, two thousand nineteen, an individual may elect to contribute to the arts fund created pursuant to § 97 of the state finance law for the support of the New York state council on the arts. Such contribution shall be in any whole dollar amount and shall not reduce the amount of 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 revenue collected pursuant to this § of the state finance law and used only for the purposes of the New York state council on the arts.
Terms Used In N.Y. Tax Law 630-G*3
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
* NB There are 3 § 630-g's