| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 13, 2016 |
print number 380a |
| Jan 13, 2016 |
amend and recommit to investigations and government operations |
| Jan 06, 2016 |
referred to investigations and government operations |
| Jan 07, 2015 |
referred to investigations and government operations |
Senate Bill S380A
2015-2016 Legislative Session
Sponsored By
(D, WF) 33rd Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
Bill Amendments
2015-S380 - Details
- See Assembly Version of this Bill:
- A7343
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §612, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6403
2013-2014: S939
2017-2018: S164, A5952
2019-2020: S1033, A2276
2021-2022: A6800
2015-S380 - Sponsor Memo
BILL NUMBER: S380 REVISED 1/7/16
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 : 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 : In New York State, higher education is becoming
beyond the reach of those with ambitions to obtain a degree. Tuition
and fees at public 4 year universities have increased 127% in the past
two decades, and the New York State's Tuition Assistance Program (TAP)
awards have not increased proportionately to cover these rising costs.
Consequently, many more students are covering these costs with loans.
In this state, nearly 3 million students have loan debt, totaling to
an amount of approximately $73 billion in student loan debt.
The costs of higher education and large student loan debt can
potentially stymie economic growth and viability of New York State and
the United States. Graduates with student loan debt are less likely to
become homeowners, less likely to set aside money for their children's
2015-S380 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
380
2015-2016 Regular Sessions
I N S E N A T E
(PREFILED)
January 7, 2015
___________
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 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-S380A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7343
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §612, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6403
2013-2014: S939
2017-2018: S164, A5952
2019-2020: S1033, A2276
2021-2022: A6800
2015-S380A (ACTIVE) - Sponsor Memo
BILL NUMBER: S380A
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 :
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 :
In New York State, higher education is becoming beyond the reach of
those with ambitions to obtain a degree. Tuition and fees at public 4
year universities have increased 127% in the past two decades, and the
New York State's Tuition Assistance Program (TAP) awards have not
increased proportionately to cover these rising costs. Consequently,
many more students are covering these costs with loans. In this state,
nearly 3 million students have loan debt, totaling to an amount of
approximately $73 billion in student loan debt.
2015-S380A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
380--A
2015-2016 Regular Sessions
I N S E N A T E
(PREFILED)
January 7, 2015
___________
Introduced by Sen. RIVERA -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations -- recommitted to the Committee on Investigations and
Government Operations in accordance with Senate Rule 6, sec. 8 --
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.
LBD05811-02-6
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