Bill Text: NY A08433 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to increasing the phase-out threshold for tuition assistance program awards from seven thousand dollars to eighteen thousand dollars.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to higher education [A08433 Detail]

Download: New_York-2023-A08433-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8433

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    December 29, 2023
                                       ___________

        Introduced  by  M. of A. FAHY -- read once and referred to the Committee
          on Higher Education

        AN ACT to amend the education law, in relation to increasing the  phase-
          out threshold for tuition assistance program awards

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

     1    Section 1. Subparagraph (ii) of paragraph  (a)  of  subdivision  3  of
     2  section  667  of the education law, as amended by section 1 of part B of
     3  chapter 60 of the laws 2000, is amended to read as follows:
     4    (ii) Except for students as noted in subparagraph (iii) of this  para-
     5  graph, the base amount as determined from subparagraph (i) of this para-
     6  graph, shall be reduced in relation to income as follows:

     7  Amount of income                    Schedule of reduction
     8                                      of base amount

     9  (A) Less than [seven] eighteen      None
    10      thousand dollars
    11  (B) [Seven thousand dollars or      Seven per centum of excess
    12      more, but less than eleven      over seven thousand dollars
    13      thousand dollars
    14  (C) Eleven thousand dollars or      Two hundred eighty dollars
    15      more, but less than eighteen    plus ten per centum of excess
    16      thousand dollars                over eleven thousand dollars
    17  (D)] Eighteen thousand dollars or   Nine hundred eighty dollars
    18      more, but not more than eighty  plus twelve per centum of
    19      thousand dollars                excess over eighteen
    20                                      thousand dollars

    21    § 2. This act shall take effect on the one hundred eightieth day after
    22  it shall have become a law.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13833-01-3