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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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) 2020-01-08 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S01033 Detail]

Download: New_York-2019-S01033-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          1033
                               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
        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  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.
                                                                   LBD06449-01-9