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