S T A T E O F N E W Y O R K
________________________________________________________________________
1316
2009-2010 Regular Sessions
I N S E N A T E
January 28, 2009
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Introduced by Sen. KRUGER -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
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:
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 TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO THOU-
SAND NINE, THE AMOUNT PAID BY A TAXPAYER WITH A NEW YORK TAXABLE INCOME
BEFORE THE APPLICATION OF THIS PARAGRAPH OF LESS THAN ONE HUNDRED THOU-
SAND DOLLARS, FOR TUITION AT ANY INSTITUTION OF HIGHER EDUCATION WITHIN
THE STATE PROVIDED SUCH EXPENSE IS FOR TUITION OF THE TAXPAYER OR A
DEPENDENT OF THE TAXPAYER AND PROVIDED, HOWEVER, THAT THE HEREIN AUTHOR-
IZED AMOUNT OF THE DEDUCTION SHALL NOT EXCEED THREE THOUSAND DOLLARS
MULTIPLIED BY THE NUMBER OF PERSONS FOR WHOM SUCH TUITION IS PAID.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06435-01-9