senate Bill S6403

2011-2012 Legislative Session

Provides taxpayers with modification reducing federal adjusted gross income for tuition paid at any higher education institution

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 06, 2012 referred to investigations and government operations

S6403 - Bill Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd ยง612, Tax L

S6403 - Bill Texts

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Provides taxpayers with a modification reducing federal adjusted gross income for tuition paid at any higher education institution.

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BILL NUMBER:S6403

TITLE OF BILL:
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

SUMMARY OF PROVISIONS:
Subsection (c) of section 612 of the tax law is amended to allow for
up to three thousand dollars of the amount paid for tuition at any
institution of higher education within New York State provided that
the expense is for the taxpayer or for the taxpayer or for a
dependent of the taxpayer.

JUSTIFICATION:
It is well known that the key to the future of our state lies in the
education of our young men and women. While it has always been the
mission of our institutions of higher education to assist in the
undergraduate population, recent budgetary cutbacks have severely
curtailed the educational opportunity for many. In his proposed
1997-98 State Budget, Governor Pataki projected an increase in tuition
of $400 and cut the Tuition Assistance Program by $175 million. This
comes in a time when our student population needs to be better
educated, better trained and better prepared for the workforce.

No longer can we, as state officials, expect to have a future tax base
when the educational tools are no longer available to our students.
In order to remedy this continual budgetary onslaught on institutions
of higher education, we must provide a monetary "rebate" to ensure
that our student population has the best chance to receive a quality
education and to become better equipped to contribute to the
continual rebirth of the Empire State.

In order to achieve this goal, I have proposed to offer a tax
deduction of up to three thousand dollars of the amount paid for
tuition at any institution of higher education within New York State,
provided that the
expense is for the taxpayer or a dependent of the taxpayer. The tax
credit will assist those families most in need due to the drastic
cuts by Governor Pataki.

LEGISLATIVE HISTORY:
2012: S.1900 (Kruger)

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
This act shall take effect immediately.

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

                                  6403

                            I N  S E N A T E

                            February 6, 2012
                               ___________

Introduced  by  Sen.  RIVERA -- 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 TWELVE, THE AMOUNT PAID BY A  TAXPAYER  WITH  A  NEW  YORK  TAXABLE
INCOME BEFORE THE APPLICATION OF THIS PARAGRAPH OF LESS THAN ONE HUNDRED
THOUSAND  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
AUTHORIZED  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.
                                                           LBD14408-01-2

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