Bill Text: NY S04094 | 2011-2012 | General Assembly | Introduced


Bill Title: Includes the tuition required for enrollment or attendance in a course of study leading to the granting of a post baccalaureate or other graduate degree within the definition of "qualified college tuition expenses" for the purposes of qualifying for the college tuition credit.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-19 - PRINT NUMBER 4094A [S04094 Detail]

Download: New_York-2011-S04094-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4094
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                    March 17, 2011
                                      ___________
       Introduced  by  Sen.  SMITH  -- 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  including  the  tuition  of
         graduate students within the college tuition credit
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subparagraph (C)  of  paragraph  2  of  subsection  (t)  of
    2  section 606 of the tax law, as amended by section 1 of part N of chapter
    3  85 of the laws of 2002, is amended to read as follows:
    4    (C)  The  term  "qualified  college  tuition  expenses" shall mean the
    5  tuition required for the enrollment or attendance of an eligible student
    6  at an  institution  of  higher  education.  Provided,  however,  tuition
    7  payments  made  pursuant to the receipt of any scholarships or financial
    8  aid[, or tuition required for enrollment or attendance in  a  course  of
    9  study  leading to the granting of a post baccalaureate or other graduate
   10  degree,] shall be excluded from the  definition  of  "qualified  college
   11  tuition expenses".
   12    S 2. This act shall take effect immediately and shall apply to taxable
   13  years beginning on or after January 1, 2012.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10264-01-1
feedback