senate Bill S1976A

2015-2016 Legislative Session

Establishes the "education investment incentives act" and tax credit

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate


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

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 11, 2016 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.5
Jan 08, 2016 print number 1976a
amend and recommit to rules
Jan 06, 2016 referred to rules
returned to senate
died in assembly
Jan 21, 2015 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.17
Jan 16, 2015 referred to rules

Votes

view votes

Jan 11, 2016 - Rules committee Vote

S1976A
19
6
committee
19
Aye
6
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Jan 21, 2015 - Rules committee Vote

S1976
17
5
committee
17
Aye
5
Nay
2
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show committee vote details

Co-Sponsors

view additional co-sponsors

S1976 - 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

S1976 - Summary

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

S1976 - Sponsor Memo

S1976 - Bill Text download pdf

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

                                  1976

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 16, 2015
                               ___________

Introduced  by  Sens.  GOLDEN,  FELDER, ADDABBO, AVELLA, BONACIC, BOYLE,
  CROCI,  DIAZ,  FLANAGAN,  FUNKE,  GALLIVAN,  HASSELL-THOMPSON,  LANZA,
  LARKIN,  LATIMER, MARCHIONE, MARTINS, SAVINO -- read twice and ordered
  printed, and when printed to be committed to the Committee on Rules

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.  The tax law is amended by adding a new section  42  to  read  as
follows:
  S  42.  EDUCATION  INVESTMENT  TAX  CREDIT.   (A) DEFINITIONS. FOR THE
PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE SAME  DEFI-
NITION AS PROVIDED FOR IN ARTICLE TWENTY-FIVE OF THE EDUCATION LAW:
  "AUTHORIZED CONTRIBUTION";
  "CONTRIBUTION";
  "EDUCATIONAL PROGRAM";
  "EDUCATIONAL SCHOLARSHIP ORGANIZATION";
  "ELIGIBLE PUPIL";
  "LOCAL EDUCATION FUND";
  "NONPUBLIC SCHOOL";
  "PUBLIC EDUCATION ENTITY";
  "PUBLIC SCHOOL";
  "QUALIFIED CONTRIBUTION";
  "QUALIFIED EDUCATOR";
  "QUALIFIED SCHOOL";
  "SCHOLARSHIP"; AND
  "SCHOOL IMPROVEMENT ORGANIZATION".
  (B)  ALLOWANCE  OF  CREDIT.  A  TAXPAYER  SUBJECT TO TAX UNDER ARTICLE
NINE-A OR TWENTY-TWO OF THIS CHAPTER SHALL  BE  ALLOWED  CREDIT  AGAINST

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07927-02-5

Co-Sponsors

view additional co-sponsors

S1976A (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

S1976A (ACTIVE) - Summary

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

S1976A (ACTIVE) - Sponsor Memo

S1976A (ACTIVE) - Bill Text download pdf

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

                                 1976--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 16, 2015
                               ___________

Introduced  by  Sens.  GOLDEN,  FELDER, ADDABBO, AVELLA, BONACIC, BOYLE,
  CROCI, DIAZ, FLANAGAN, FUNKE,  GALLIVAN,  HAMILTON,  HASSELL-THOMPSON,
  KLEIN,  LANZA, LARKIN, LATIMER, MARCHIONE, MARTINS, SAVINO, VALESKY --
  read twice and ordered printed, and when printed to  be  committed  to
  the  Committee  on  Rules  -- recommitted to the Committee on Rules in
  accordance with Senate Rule 6, sec. 8 --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

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.  The tax law is amended by adding a new section  42  to  read  as
follows:
  S  42.  EDUCATION  INVESTMENT  TAX  CREDIT.   (A) DEFINITIONS. FOR THE
PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE SAME  DEFI-
NITION AS PROVIDED FOR IN ARTICLE TWENTY-FIVE OF THE EDUCATION LAW:
  "AUTHORIZED CONTRIBUTION";
  "CONTRIBUTION";
  "EDUCATIONAL PROGRAM";
  "EDUCATIONAL SCHOLARSHIP ORGANIZATION";
  "ELIGIBLE PUPIL";
  "LOCAL EDUCATION FUND";
  "NONPUBLIC SCHOOL";
  "PUBLIC EDUCATION ENTITY";
  "PUBLIC SCHOOL";
  "QUALIFIED CONTRIBUTION";
  "QUALIFIED EDUCATOR";
  "QUALIFIED SCHOOL";

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07927-05-6