626 - The United States Olympic Committee/Lake Placid Olympic Training Center Fund. - New York Statutes

§ 626. The United States Olympic Committee/Lake Placid Olympic Training Center Fund. Effective for any taxable year commencing on or after the first day of January next succeeding the effective date of this section, an individual in any taxable year may elect to contribute an amount of two dollars to the United States Olympic Committee/Lake Placid Olympic Training Center Fund. Such contribution shall not reduce the amount of state tax owed by such individual. The commissioner shall include a space on the personal income tax return to enable a taxpayer to make such contribution. Notwithstanding any other provision of law to the contrary, all revenues collected pursuant to this section shall be credited to the United States Olympic Committee/Lake Placid Olympic Training Center Fund and used only for those purposes enumerated in section eighty-four of the state finance law.