Bill Text: NY A07238 | 2019-2020 | General Assembly | Introduced
Bill Title: Requires corporations to include causes for change when an applicant for tuition assistance has an adjustment to income.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-01-08 - referred to higher education [A07238 Detail]
Download: New_York-2019-A07238-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7238 2019-2020 Regular Sessions IN ASSEMBLY April 18, 2019 ___________ Introduced by M. of A. ZEBROWSKI -- read once and referred to the Committee on Higher Education AN ACT to amend the education law, in relation to reflecting a change in circumstance when making adjustments to income The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 5 of section 663 of the education law, as 2 amended by section 3 of part J of chapter 58 of the laws of 2011, is 3 amended to read as follows: 4 5. Adjustments of income. a. In the determination of income for 5 purposes of paragraphs a and b of subdivision three of section six 6 hundred sixty-seven of this part if, during the academic year in which 7 the applicant will receive an award, one of either the parents of the 8 applicant or other dependent child of such parents, the spouse of the 9 applicant, or one or more dependent children of the applicant, in addi- 10 tion to the applicant, will be in full-time attendance in an approved 11 program, the combined net taxable income determined under subdivision 12 one of this section shall be reduced by three thousand dollars and an 13 additional two thousand dollars for each other such person additional to 14 the aforesaid persons (including the applicant) who will be in such 15 attendance, and the resulting amount shall be deemed the applicable 16 income in determining the applicant's award for the academic year. 17 b. When making adjustments to income to reflect a change in circum- 18 stance, the corporation shall, pursuant to rules and regulations, 19 include the following causes for change in status of the applicant: (1) 20 loss of employment of the applicant or parent of the applicant; (2) 21 catastrophic illness of the applicant; or (3) the applicant or the 22 spouse of the applicant is called to active military duty. 23 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10965-01-9