S T A T E O F N E W Y O R K
________________________________________________________________________
4427
2009-2010 Regular Sessions
I N A S S E M B L Y
February 4, 2009
___________
Introduced by M. of A. CANESTRARI -- read once and referred to the
Committee on Ways and Means
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:
Section 1. Subparagraph (C) of paragraph 2 of subsection (t) of
section 606 of the tax law, as amended by section 1 of part N of chapter
85 of the laws of 2002, is amended to read as follows:
(C) The term "qualified college tuition expenses" shall mean the
tuition required for the enrollment or attendance of an eligible student
at an institution of higher education. Provided, however, tuition
payments made pursuant to the receipt of any scholarships or financial
aid[, or tuition required for enrollment or attendance in a course of
study leading to the granting of a post baccalaureate or other graduate
degree,] shall be excluded from the definition of "qualified college
tuition expenses".
S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2010.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02572-01-9