Bill Text: NY A02276 | 2019-2020 | General Assembly | Amended

New York Assembly Bill 2276 (Prior Session Legislation)

Bill Title: Provides taxpayers with a modification reducing federal adjusted gross income for tuition paid at any higher education institution.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A02276 Detail]

Download: New_York-2019-A02276-Amended.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                         2276--A

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                    January 22, 2019
                                       ___________

        Introduced  by  M.  of  A.  PICHARDO,  SAYEGH,  ARROYO  -- read once and
          referred to the Committee on Ways and Means --  committee  discharged,
          bill  amended,  ordered  reprinted  as amended and recommitted to said
          committee

        AN ACT to amend the tax law, in relation to  providing  personal  income
          taxpayers  with  a modification reducing federal adjusted gross income
          for tuition paid at any institution of higher education

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. Subsection (c) of section 612 of the tax law is amended by
     2  adding a new paragraph 44 to read as follows:
     3    (44) For taxable years beginning on and after January first, two thou-
     4  sand nineteen, the amount paid by a taxpayer  with  a  federal  adjusted
     5  gross  income  of less than one hundred thousand dollars, for tuition at
     6  any institution of higher  education  within  the  state  provided  such
     7  expense  is  for  tuition of the taxpayer or a dependent of the taxpayer
     8  and; provided, however, that such authorized  amount  of  the  deduction
     9  shall  not  exceed  three  thousand  dollars multiplied by the number of
    10  persons for whom such tuition is paid.
    11    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06449-03-9