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Assembly Bill A7343A

2015-2016 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 Assembly Committee

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Bill Amendments

2015-A7343 - Details

See Senate Version of this Bill:
S380
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6403
2013-2014: S939
2017-2018: A5952, S164
2019-2020: A2276, S1033
2021-2022: A6800

2015-A7343 - Summary

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

2015-A7343 - Bill Text download pdf 

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

                                  7343

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               May 6, 2015
                               ___________

Introduced by M. of A. PICHARDO -- read once and referred to the Commit-
  tee on Ways and Means

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 42 to read as follows:
  (42) FOR TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO THOU-
SAND  FIFTEEN,  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.
                                                           LBD05811-01-5

2015-A7343A (ACTIVE) - Details

See Senate Version of this Bill:
S380
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6403
2013-2014: S939
2017-2018: A5952, S164
2019-2020: A2276, S1033
2021-2022: A6800

2015-A7343A (ACTIVE) - Summary

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

2015-A7343A (ACTIVE) - Bill Text download pdf 

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

                                 7343--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               May 6, 2015
                               ___________

Introduced by M. of A. PICHARDO -- read once and referred to the Commit-
  tee  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, 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 44 to read as follows:
  (44) FOR TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO THOU-
SAND  SIXTEEN,  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.
                                                           LBD05811-03-6

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