Bill Text: NY S06724 | 2013-2014 | General Assembly | Introduced

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Bill Title: Relates to the calculation of "adjusted gross income" for purposes of computation of state aid.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-03-04 - REFERRED TO EDUCATION [S06724 Detail]

Download: New_York-2013-S06724-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 6724                                                  A. 8937
                             S E N A T E - A S S E M B L Y
                                     March 4, 2014
                                      ___________
       IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
         ed, and when printed to be committed to the Committee on Education
       IN ASSEMBLY -- Introduced by M. of A. McDONALD -- read once and referred
         to the Committee on Education
       AN  ACT  in  relation  to the calculation of "adjusted gross income" for
         purposes of computation of state aid
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Notwithstanding any provision of the law to the contrary,
    2  for purposes of computing state aid pursuant  to  section  3602  of  the
    3  education  law  for  the  2014-15 school year for any school district in
    4  which the adjusted gross income for the 2011 calendar year  exceeds  the
    5  adjusted  gross  income for the 2010 calendar year by greater than fifty
    6  percent but less than one hundred percent, "adjusted gross income" shall
    7  mean the adjusted gross income of a school  district  for  the  calendar
    8  year  four  years  prior  to the calendar year in which the current year
    9  commences. The income data shall be computed in  accordance  with  regu-
   10  lations  adopted  by the commissioner of taxation and finance based upon
   11  personal income tax returns for the calendar year three years  prior  to
   12  the  calendar  year  in  which  the  current  school  year commences, as
   13  reported to the commissioner by September of the  base  year,  including
   14  the  results  of  the  permanent  computerized statewide school district
   15  address match and income verification system.
   16    S 2. This act shall take effect July 1, 2014.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14172-01-4