Bill Text: NY S00380 | 2015-2016 | General Assembly | Amended

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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) 2016-01-13 - PRINT NUMBER 380A [S00380 Detail]

Download: New_York-2015-S00380-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         380--A
                               2015-2016 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 7, 2015
                                       ___________
        Introduced  by  Sen.  RIVERA -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations -- recommitted to the Committee on Investigations  and
          Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        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  sixteen,  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 the herein
     9  authorized amount of the  deduction  shall  not  exceed  three  thousand
    10  dollars  multiplied  by  the  number of persons for whom such tuition is
    11  paid.
    12    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05811-02-6