Assembly Bill A9783A

2013-2014 Legislative Session

Relates to creating a college preparation expense tax credit

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

2013-A9783 - Details

See Senate Version of this Bill:
S7710
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A170, S3312
2017-2018: A1235, S3535
2019-2020: A2062, S794
2021-2022: S4288
2023-2024: S5999

2013-A9783 - Summary

Creates a college preparation expense tax credit for up to three year's per child/individual for up to $500 per year for qualified college preparation expenses.

2013-A9783 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9783

                          I N  A S S E M B L Y

                              May 22, 2014
                               ___________

Introduced  by M. of A. ROZIC -- read once and referred to the Committee
  on Ways and Means

AN ACT to amend the tax law, in relation to providing a college prepara-
  tion expense tax credit

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  606  of  the  tax law is amended by adding a new
subsection (ccc) to read as follows:
  (CCC) COLLEGE PREPARATION EXPENSE  CREDIT.  (1)  A  RESIDENT  TAXPAYER
SHALL  BE  ALLOWED  A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR
ALLOWABLE COLLEGE PREPARATION EXPENSES. EACH TAXABLE YEAR, A  CREDIT  OF
UP  TO  FIVE  HUNDRED  DOLLARS  PER CHILD SHALL BE ALLOWED FOR QUALIFIED
COLLEGE PREPARATION EXPENSES PAID OR INCURRED  BY  THE  TAXPAYER  DURING
SUCH  TAXABLE  YEAR. NO CREDIT SHALL BE ALLOWED FOR ANY EXPENSES PAID OR
INCURRED DURING THE TAXABLE YEAR WITH RESPECT TO ANY INDIVIDUAL FOR WHOM
AN ELECTION IS NOT IN EFFECT UNDER  THIS  SUBSECTION  FOR  SUCH  TAXABLE
YEAR.  AN  ELECTION  MAY  NOT  BE  MADE  FOR ANY TAXABLE YEAR IF SUCH AN
ELECTION IS IN EFFECT WITH RESPECT TO  SUCH  INDIVIDUAL  FOR  ANY  THREE
PRIOR TAXABLE YEARS.
  (2)  QUALIFIED  COLLEGE  PREPARATION  EXPENSES.  FOR  PURPOSES OF THIS
SUBSECTION, THE TERM  "QUALIFIED  COLLEGE  PREPARATION  EXPENSES"  MEANS
AMOUNTS PAID OR INCURRED FOR:
  (A)  FEES  REQUIRED FOR TAKING ANY ADVANCED PLACEMENT OR INTERNATIONAL
BACCALAUREATE EXAM;
  (B) FEES REQUIRED FOR TAKING THE SAT, THE  ACT,  OR  ANY  SAT  SUBJECT
TEST;
  (C)  EXPENSES  RELATED  TO PREPARATION INCLUDING TUTORIAL SERVICES AND
PREPARATION CLASSES FOR ANY EXAM DESCRIBED IN SUBPARAGRAPH (A) OR (B) OF
THIS PARAGRAPH;
  (D) FEES AND EXPENSES RELATED TO APPLICATIONS FOR ADMISSION TO  PURSUE
A  POSTSECONDARY COURSE OF STUDY AT AN ELIGIBLE EDUCATIONAL INSTITUTION;
AND
  (E) SUCH OTHER SIMILAR EXPENSES AND FEES AS THE  COMMISSIONER  MAY  BY
REGULATION PRESCRIBE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

co-Sponsors

multi-Sponsors

2013-A9783A (ACTIVE) - Details

See Senate Version of this Bill:
S7710
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A170, S3312
2017-2018: A1235, S3535
2019-2020: A2062, S794
2021-2022: S4288
2023-2024: S5999

2013-A9783A (ACTIVE) - Summary

Creates a college preparation expense tax credit for up to three year's per child/individual for up to $500 per year for qualified college preparation expenses.

2013-A9783A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 9783--A

                          I N  A S S E M B L Y

                              May 22, 2014
                               ___________

Introduced  by M. of A. ROZIC -- read once and referred to the Committee
  on Ways and Means  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to  amend  the tax law, in relation to establishing the college
  preparation tax credit act

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  This  act shall be known and may be cited as the "college
preparation tax credit act".
  S 2. Section 606 of the tax law is amended by adding a new  subsection
(ccc) to read as follows:
  (CCC)  COLLEGE  PREPARATION  EXPENSE  CREDIT.  (1) A RESIDENT TAXPAYER
SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY  THIS  ARTICLE  FOR
ALLOWABLE  COLLEGE  PREPARATION EXPENSES. EACH TAXABLE YEAR, A CREDIT OF
UP TO FIVE HUNDRED DOLLARS PER CHILD  SHALL  BE  ALLOWED  FOR  QUALIFIED
COLLEGE  PREPARATION  EXPENSES  PAID  OR INCURRED BY THE TAXPAYER DURING
SUCH TAXABLE YEAR. NO CREDIT SHALL BE ALLOWED FOR ANY EXPENSES  PAID  OR
INCURRED DURING THE TAXABLE YEAR WITH RESPECT TO ANY INDIVIDUAL FOR WHOM
AN  ELECTION  IS  NOT  IN  EFFECT UNDER THIS SUBSECTION FOR SUCH TAXABLE
YEAR. AN ELECTION MAY NOT BE MADE  FOR  ANY  TAXABLE  YEAR  IF  SUCH  AN
ELECTION  IS  IN  EFFECT  WITH  RESPECT TO SUCH INDIVIDUAL FOR ANY THREE
PRIOR TAXABLE YEARS.
  (2) QUALIFIED COLLEGE  PREPARATION  EXPENSES.  FOR  PURPOSES  OF  THIS
SUBSECTION,  THE  TERM  "QUALIFIED  COLLEGE  PREPARATION EXPENSES" MEANS
AMOUNTS PAID OR INCURRED FOR:
  (A) FEES REQUIRED FOR TAKING ANY ADVANCED PLACEMENT  OR  INTERNATIONAL
BACCALAUREATE EXAM;
  (B)  FEES  REQUIRED  FOR  TAKING  THE SAT, THE ACT, OR ANY SAT SUBJECT
TEST;
  (C) EXPENSES RELATED TO PREPARATION INCLUDING  TUTORIAL  SERVICES  AND
PREPARATION CLASSES FOR ANY EXAM DESCRIBED IN SUBPARAGRAPH (A) OR (B) OF
THIS PARAGRAPH;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15301-03-4

              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.