Senate Bill S3528

2019-2020 Legislative Session

Increases the personal income tax credit for college tuition expenses

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-S3528 (ACTIVE) - Details

See Assembly Version of this Bill:
A5669
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2013-2014: S6697, A9664
2015-2016: S1222, A6574
2017-2018: S712, A6237
2021-2022: S6061, A7331
2023-2024: A3989

2019-S3528 (ACTIVE) - Summary

Increases the personal income tax credit for college tuition from the first $10,000 to the first $20,000 of college tuition expenses.

2019-S3528 (ACTIVE) - Sponsor Memo

2019-S3528 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3528
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             February 8, 2019
                                ___________
 
 Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law,  in  relation  to  increasing  the  college
   tuition personal income tax credit
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraph (A)  of  paragraph  2  of  subsection  (t)  of
 section 606 of the tax law, as amended by section 1 of part N of chapter
 85 of the laws of 2002, is amended to read as follows:
   (A)  The  term  "allowable  college  tuition  expenses" shall mean the
 amount of qualified college tuition expenses of eligible  students  paid
 by  the  taxpayer during the taxable year, limited to [ten] TWENTY thou-
 sand dollars for each such student;
   § 2. This act shall take effect immediately, and shall  apply  to  the
 taxable year in which it takes effect and taxable years commencing on or
 after such date.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06254-01-9



              

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