Bill Text: NY S00164 | 2017-2018 | General Assembly | Amended

New York Senate Bill 164 (Prior Session Legislation)

Bill Title: Provides taxpayers with a modification reducing federal adjusted gross income for tuition paid at any higher education institution.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-06-15 - PRINT NUMBER 164A [S00164 Detail]

Download: New_York-2017-S00164-Amended.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                         164--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 4, 2017
                                       ___________
        Introduced  by  Sen.  RIVERA -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations -- recommitted to the Committee on Investigations  and
          Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        AN  ACT  to  amend the tax law, in relation to providing personal income
          taxpayers with a modification reducing federal adjusted  gross  income
          for tuition paid at any institution of higher education
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subsection (c) of section 612 of the tax law is amended  by
     2  adding a new paragraph 44 to read as follows:
     3    (44) For taxable years beginning on and after January first, two thou-
     4  sand  eighteen,  the  amount  paid by a taxpayer with a New York taxable
     5  income before the application of this paragraph of less than one hundred
     6  thousand dollars, for tuition at any  institution  of  higher  education
     7  within the state provided such expense is for tuition of the taxpayer or
     8  a dependent of the taxpayer and; provided, however, that such authorized
     9  amount  of  the deduction shall not exceed three thousand dollars multi-
    10  plied by the number of persons for whom such tuition is paid.
    11    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00866-03-8