Bill Text: NY S01033 | 2019-2020 | General Assembly | Amended


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) 2019-05-30 - PRINT NUMBER 1033A [S01033 Detail]

Download: New_York-2019-S01033-Amended.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                         1033--A

                               2019-2020 Regular Sessions

                    IN SENATE

                                    January 10, 2019
                                       ___________

        Introduced  by  Sen.  RIVERA -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment  Operations  --  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  nineteen,  the  amount  paid by a taxpayer with a federal adjusted
     5  gross income of less than one hundred thousand dollars, for  tuition  at
     6  any  institution  of  higher  education  within  the state provided such
     7  expense is for tuition of the taxpayer or a dependent  of  the  taxpayer
     8  and;  provided,  however,  that  such authorized amount of the deduction
     9  shall not exceed three thousand dollars  multiplied  by  the  number  of
    10  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.
                                                                   LBD06449-02-9
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