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Assembly Bill A5367

2015-2016 Legislative Session

Relates to a change in circumstance of income

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Archive: Last Bill Status - In Assembly Committee

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2015-A5367 (ACTIVE) - Details

Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd ยง663, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3637
2011-2012: A3505
2013-2014: A3400
2017-2018: A5930

2015-A5367 (ACTIVE) - Summary

Relates to a change in circumstance of income; expires June 30, 2016.

2015-A5367 (ACTIVE) - Bill Text download pdf 

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

                                  5367

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 20, 2015
                               ___________

Introduced  by  M. of A. GLICK, JAFFEE -- Multi-Sponsored by -- M. of A.
  FARRELL, MAGEE -- read once and referred to the  Committee  on  Higher
  Education

AN  ACT  to  amend the education law, in relation to a change in circum-
  stance of income and providing for the repeal of such provisions  upon
  expiration thereof

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

  Section 1. Subdivision 5 of section  663  of  the  education  law,  as
amended  by  section  3  of part J of chapter 58 of the laws of 2011, is
amended to read as follows:
  5. Adjustments of income. (A)  In  the  determination  of  income  for
purposes  of  paragraphs  a  and  b  of subdivision three of section six
hundred sixty-seven of this part if, during the academic year  in  which
the  applicant  will  receive an award, one of either the parents of the
applicant or other dependent child of such parents, the  spouse  of  the
applicant,  or one or more dependent children of the applicant, in addi-
tion to the applicant, will be in full-time attendance  in  an  approved
program,  the  combined  net taxable income determined under subdivision
one of this section shall be reduced by three thousand  dollars  and  an
additional two thousand dollars for each other such person additional to
the  aforesaid  persons  (including  the  applicant) who will be in such
attendance, and the resulting amount  shall  be  deemed  the  applicable
income in determining the applicant's award for the academic year.
  (B)  WHEN MAKING ADJUSTMENTS TO INCOME FOR CHANGE IN CIRCUMSTANCE, THE
CORPORATION SHALL,  PURSUANT  TO  RULES  AND  REGULATIONS,  INCLUDE  THE
FOLLOWING  AS  CAUSES  FOR  CHANGE  IN  STATUS  OF  THE APPLICANT:   (I)
CATASTROPHIC ILLNESS OF THE APPLICANT; AND (II)  THE  APPLICANT  OR  THE
SPOUSE OF THE APPLICANT BEING CALLED TO ACTIVE MILITARY DUTY.
  S  2.  This  act shall take effect immediately and shall expire and be
deemed repealed June 30, 2016.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03856-01-5

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