Bill Text: NY A06796 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides a deduction in determining personal income tax for the cost of textbooks at 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 2-0)

Status: (Introduced - Dead) 2012-01-04 - referred to ways and means [A06796 Detail]

Download: New_York-2011-A06796-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6796
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 31, 2011
                                      ___________
       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 (w) to read as follows:
    3    (W) 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 TWELVE, A QUALIFIED TAXPAYER SHALL BE ENTITLED TO SUBTRACT FROM HIS
   12  OR  HER  FEDERAL  ADJUSTED  GROSS INCOME THE COST OF SUCH TAXPAYER'S OWN
   13  TEXTBOOKS OR THE COST OF AN ELIGIBLE DEPENDENT'S TEXTBOOKS AT A  COLLEGE
   14  OR  UNIVERSITY OF THE STATE OR CITY UNIVERSITY, AND A PRIVATE COLLEGE OR
   15  UNIVERSITY.
   16    S 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.
                                                                  LBD10306-01-1