STATE OF NEW YORK ________________________________________________________________________ 5862 2019-2020 Regular Sessions IN ASSEMBLY February 20, 2019 ___________ Introduced by M. of A. FITZPATRICK, TAGUE, GIGLIO, SALKA -- Multi-Spon- sored by -- M. of A. MANKTELOW -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing a college student expense personal income tax credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 606 of the tax law is amended by adding a new 2 subsection (jjj) to read as follows: 3 (jjj) College student expense. (1) General. A taxpayer shall be 4 allowed a credit against the tax imposed by this article, where the 5 taxpayer is a New York state resident and he or she, or his or her 6 dependents, are enrolled full-time in an undergraduate college. 7 (2) Amount of credit. The amount of the credit authorized by this 8 subsection shall be the taxpayer's expenses for new and used required 9 textbooks and laptop computers, in an amount not to exceed one thousand 10 dollars. 11 (3) Refundability. If the amount of the credit allowed under this 12 subsection for any taxable year shall exceed the taxpayer's tax for such 13 year, the excess shall be treated as an overpayment of tax to be 14 refunded in accordance with the provisions of section six hundred eight- 15 y-six of this article, provided, however, that no interest shall be paid 16 thereon. 17 (4) Definition. "Dependents" shall have the same meaning as defined in 18 section one hundred fifty-two of the United States Internal Revenue 19 Code. 20 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05737-01-9