senate Bill S6061

2021-2022 Legislative Session

Increases the personal income tax credit for college tuition expenses

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance Committee


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

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Actions

view actions (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 07, 2022 reported and committed to finance
Jan 05, 2022 referred to budget and revenue
Apr 01, 2021 referred to budget and revenue

Votes

view votes

Mar 7, 2022 - Budget and Revenue committee Vote

S6061
6
0
committee
6
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Budget and Revenue committee vote details

Budget and Revenue Committee Vote: Mar 7, 2022

aye wr (1)

Co-Sponsors

S6061 (ACTIVE) - Details

See Assembly Version of this Bill:
A7331
Current Committee:
Senate Finance
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
2019-2020: S3528, A5669

S6061 (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.

S6061 (ACTIVE) - Sponsor Memo

S6061 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6061
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               April 1, 2021
                                ___________
 
 Introduced  by  Sen. REICHLIN-MELNICK -- read twice and ordered printed,
   and when printed to be committed to the Committee on Budget and Reven-
   ue
 
 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.
                                                            LBD08281-01-1


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