Bill Text: NY A06713 | 2023-2024 | General Assembly | Introduced
Bill Title: Increases the amount of income eligible for income base reductions in certain tuition assistance program awards for students who have been granted exclusion of parental income and are single with no dependent, or who have a spouse but no other dependent, for income tax purposes.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Introduced) 2024-01-03 - referred to higher education [A06713 Detail]
Download: New_York-2023-A06713-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 6713 2023-2024 Regular Sessions IN ASSEMBLY May 5, 2023 ___________ Introduced by M. of A. FAHY -- read once and referred to the Committee on Higher Education AN ACT to amend the education law, in relation to tuition assistance program awards The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (iii) of paragraph a of subdivision 3 of 2 section 667 of the education law, as amended by section 3 of part H of 3 chapter 58 of the laws of 2011, is amended to read as follows: 4 (iii) (A) For students who have been granted exclusion of parental 5 income and were single with no dependent for income tax purposes during 6 the tax year next preceding the academic year for which application is 7 made, the base amount, as determined in subparagraph (i) of this para- 8 graph, shall be reduced in relation to income as follows: 9 Amount of income Schedule of reduction 10 of base amount 11 (1) Less than three thousand None 12 dollars 13 (2) Three thousand dollars or Thirty-one per centum of 14 more, but not more than amount in excess of three 15 [ten] thirty thousand thousand dollars 16 dollars 17 (B) For those students who have been granted exclusion of parental 18 income who have a spouse but no other dependent, for income tax purposes 19 during the tax year next preceding the academic year for which applica- 20 tion is made, the base amount, as determined in subparagraph (i) of this 21 paragraph, shall be reduced in relation to income as follows: EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10027-02-3A. 6713 2 1 Amount of income Schedule of reduction 2 of base amount 3 (1) Less than seven thousand None 4 dollars 5 (2) Seven thousand dollars or Seven per centum of excess 6 more, but less than eleven over seven thousand dollars 7 thousand dollars 8 (3) Eleven thousand dollars or Two hundred eighty dollars 9 more, but less than eighteen plus ten per centum of excess 10 thousand dollars over eleven thousand dollars 11 (4) Eighteen thousand dollars or Nine hundred eighty dollars 12 more, but not more than [forty] plus twelve per centum of 13 sixty thousand dollars excess over eighteen 14 thousand dollars 15 § 2. This act shall take effect July 1, 2023.