assembly Bill A2551A

2015-2016 Legislative Session

Establishes the "education investment incentives act"

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Sponsored By

Archive: Last Bill Status - In Assembly Committee


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

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 03, 2016 print number 2551a
Mar 03, 2016 amend and recommit to ways and means
Jan 06, 2016 referred to ways and means
Jan 16, 2015 referred to ways and means

Co-Sponsors

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Multi-Sponsors

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A2551 - Details

Law Section:
Tax Law
Laws Affected:
Add §42, amd §§208, 210-B, 606 & 615, Tax L; add Art 25 §§1209 - 1217, §1503-a, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10862
2011-2012: A5081
2013-2014: A1826
2017-2018: A5862

A2551 - Summary

Establishes the "education investment incentives act"; provides credits against income and corporate franchise tax for various qualified education investments including scholarships, education funds and instructional materials.

A2551 - Bill Text download pdf

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

                                  2551

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 16, 2015
                               ___________

Introduced  by  M.  of  A.  CUSICK,  CRESPO, SIMANOWITZ, THIELE, MARKEY,
  MALLIOTAKIS,  GOLDFEDER,  BROOK-KRASNY,  BENEDETTO,  KEARNS,   HEVESI,
  PERRY,  BORELLI,  CURRAN,  WEPRIN,  ROZIC, BRINDISI, CLARK, RODRIGUEZ,
  RUSSELL,  DenDEKKER,  GJONAJ,  MILLER,  SKARTADOS,  MOSLEY,  SALADINO,
  FITZPATRICK,  ARROYO,  TITONE,  HIKIND,  McDONALD,  BRABENEC, CERETTO,
  GIGLIO -- Multi-Sponsored by -- M. of A.  AUBRY,  BLANKENBUSH,  BRAUN-
  STEIN,  BUTLER,  COLTON,  COOK, CROUCH, CYMBROWITZ, DiPIETRO, FARRELL,
  FINCH, GARBARINO,  GOODELL,  HAWLEY,  JEAN-PIERRE,  KATZ,  KIM,  KOLB,
  LALOR,  LOPEZ,  MAGEE, McLAUGHLIN, MONTESANO, NOJAY, ORTIZ, PALMESANO,
  PEOPLES-STOKES, PRETLOW, RA, RIVERA,  SCHIMEL,  SCHIMMINGER,  SIMOTAS,
  STEC,  TENNEY,  TITUS,  WEINSTEIN, WRIGHT -- read once and referred to
  the Committee on Ways and Means

AN ACT to amend the tax law and the education law, in relation to enact-
  ing the "education investment incentives act"

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

  Section  1.  Short  title. This act shall be known and may be cited as
the "education investment incentives act".
  S 2. Legislative findings and intent. The legislature hereby finds and
declares that:
  a. The education of the children of this state is one of  the  founda-
tions  of  a  strong  society  that  requires an academically robust and
financially sound school system, both public and non-public;
  b. At a time when the state is considering ways of  reducing  the  tax
burden  for New York state residents and educators are seeking an expan-
sion of financial resources, charitable giving for educational  purposes
should be encouraged;
  c.  Permitting  public education entities such as school districts and
individual public schools to accept and receive voluntary cash  contrib-
utions will be beneficial to taxpayers and educators;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07511-01-5

Co-Sponsors

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Multi-Sponsors

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A2551A (ACTIVE) - Details

Law Section:
Tax Law
Laws Affected:
Add §42, amd §§208, 210-B, 606 & 615, Tax L; add Art 25 §§1209 - 1217, §1503-a, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10862
2011-2012: A5081
2013-2014: A1826
2017-2018: A5862

A2551A (ACTIVE) - Summary

Establishes the "education investment incentives act"; provides credits against income and corporate franchise tax for various qualified education investments including scholarships, education funds and instructional materials.

A2551A (ACTIVE) - Bill Text download pdf

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

                                 2551--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 16, 2015
                               ___________

Introduced  by  M.  of  A.  CUSICK,  CRESPO, SIMANOWITZ, THIELE, MARKEY,
  MALLIOTAKIS, GOLDFEDER,  BENEDETTO,  KEARNS,  HEVESI,  PERRY,  CURRAN,
  WEPRIN,  ROZIC, RODRIGUEZ, DenDEKKER, GJONAJ, MILLER, SKARTADOS, SALA-
  DINO, FITZPATRICK, ARROYO, TITONE, HIKIND, McDONALD, BRABENEC, GIGLIO,
  OTIS, FINCH, WOZNIAK, GANTT, LAWRENCE, MOYA -- Multi-Sponsored  by  --
  M.  of A.   BLANKENBUSH, BRAUNSTEIN, COLTON, COOK, CORWIN, CYMBROWITZ,
  DAVILA, GARBARINO, GOODELL, GRAF, HAWLEY, KATZ, KOLB,  LALOR,  LENTOL,
  LOPEZ,  McLAUGHLIN, MONTESANO, NOJAY, OAKS, ORTIZ, PALMESANO, PALUMBO,
  PEOPLES-STOKES, PICHARDO, PRETLOW, RA, SCHIMMINGER, SIMOTAS,  SOLAGES,
  STEC,  TENNEY,  TITUS,  WEINSTEIN  --  read  once  and referred to the
  Committee on Ways and Means -- recommitted to the  Committee  on  Ways
  and  Means  in  accordance  with  Assembly Rule 3, sec. 2 -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the tax law and the education law, in relation to enact-
  ing the "education investment incentives act"

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

  Section  1.  Short  title. This act shall be known and may be cited as
the "education investment incentives act".
  S 2. Legislative findings and intent. The legislature hereby finds and
declares that:
  a. The education of the children of this state is one of  the  founda-
tions  of  a  strong  society  that  requires an academically robust and
financially sound school system, both public and non-public;
  b. At a time when the state is considering ways of  reducing  the  tax
burden  for New York state residents and educators are seeking an expan-
sion of financial resources, charitable giving for educational  purposes
should be encouraged;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07511-02-6

A. 2551--A                          2