Assembly Bill A9189

2009-2010 Legislative Session

Provides for a reduction in income for interest paid on student loans for taxpayers who are at least eighteen years but less than thirty years of age

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

2009-A9189 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยง612, Tax L

2009-A9189 (ACTIVE) - Summary

Provides for a reduction in income for interest paid on student loans for taxpayers who are at least eighteen years but less than thirty years of age.

2009-A9189 (ACTIVE) - Sponsor Memo

2009-A9189 (ACTIVE) - Bill Text download pdf 

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

                                  9189

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            October 13, 2009
                               ___________

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

AN ACT to amend the tax law, in  relation  to  reducing  income  by  the
  amount of interest paid for student loans

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

  Section 1. Subsection (c) of section 612 of the tax law is amended  by
adding a new paragraph 39 to read as follows:
  (39) FOR TAX YEARS COMMENCING AFTER DECEMBER FIRST, TWO THOUSAND NINE,
FOR  TAXPAYERS  WHO  ARE AT LEAST EIGHTEEN YEARS OF AGE AND NO MORE THAN
THIRTY YEARS OF AGE, ALL INTEREST PAID ON STUDENT LOANS. FOR PURPOSES OF
THIS PARAGRAPH "STUDENT LOAN" MEANS A LOAN TO A STUDENT FROM A LENDER TO
HELP PAY FOR THE COST OF POST-SECONDARY EDUCATION  AT  A  POST-SECONDARY
SCHOOL.  FOR  PURPOSES  OF THIS PARAGRAPH "LENDER" MEANS A BANK, SAVINGS
AND LOAN ASSOCIATION, CREDIT UNION,  PENSION  FUND,  INSURANCE  COMPANY,
SCHOOL, OR STATE LENDING AGENCY.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08095-01-9

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.