Bill Text: NY A02907 | 2023-2024 | General Assembly | Introduced

---

Bill Title: Provides a deduction in determining personal income tax for the cost of textbooks at a New York private or public college or university by a taxpayer or such taxpayer's eligible dependent; defines "eligible dependent" and "qualified education expenses".

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2024-01-03 - referred to ways and means [A02907 Detail]

Download: New_York-2023-A02907-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          2907

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 1, 2023
                                       ___________

        Introduced  by  M. of A. ZEBROWSKI, LUPARDO -- read once and referred to
          the Committee on Ways and Means

        AN ACT to amend the tax law, in relation to  providing  a  deduction  in
          determining  personal income tax for the cost of textbooks at New York
          public and private colleges and universities

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

     1    Section  1.  Section  612  of  the  tax law is amended by adding a new
     2  subsection (y) to read as follows:
     3    (y) Qualified textbook expenses.  (1) For purposes of this section:
     4    (A) "Eligible dependent" shall mean any individual who is a  dependent
     5  of  the  taxpayer  with  respect  to  whom an exemption is allowed under
     6  section one hundred fifty-two of the internal revenue code.
     7    (B) "Qualified education expenses" shall mean  expenses  incurred  for
     8  textbooks  for  a  qualified  taxpayer or for an eligible dependent at a
     9  public or private college or university in this state.
    10    (2) For taxable years beginning on or after January first,  two  thou-
    11  sand  twenty-four,  a  qualified  taxpayer shall be entitled to subtract
    12  from his or her federal adjusted gross income the cost of  such  taxpay-
    13  er's own textbooks or the cost of an eligible dependent's textbooks at a
    14  college  or  university  of  the state or city university, and a private
    15  college or university.
    16    § 2. This act shall take effect on the first of January next  succeed-
    17  ing the date on which it shall have become a law.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07236-01-3