S T A T E O F N E W Y O R K
________________________________________________________________________
S. 6724 A. 8937
S E N A T E - A S S E M B L Y
March 4, 2014
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IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Education
IN ASSEMBLY -- Introduced by M. of A. McDONALD -- read once and referred
to the Committee on Education
AN ACT in relation to the calculation of "adjusted gross income" for
purposes of computation of state aid
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding any provision of the law to the contrary,
for purposes of computing state aid pursuant to section 3602 of the
education law for the 2014-15 school year for any school district in
which the adjusted gross income for the 2011 calendar year exceeds the
adjusted gross income for the 2010 calendar year by greater than fifty
percent but less than one hundred percent, "adjusted gross income" shall
mean the adjusted gross income of a school district for the calendar
year four years prior to the calendar year in which the current year
commences. The income data shall be computed in accordance with regu-
lations adopted by the commissioner of taxation and finance based upon
personal income tax returns for the calendar year three years prior to
the calendar year in which the current school year commences, as
reported to the commissioner by September of the base year, including
the results of the permanent computerized statewide school district
address match and income verification system.
S 2. This act shall take effect July 1, 2014.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14172-01-4