Senate Bill S8701

2021-2022 Legislative Session

Relates to excluding certain lottery winnings from a school district's adjusted gross income

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A9878 - Passed Senate


  • 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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2021-S8701 (ACTIVE) - Details

See Assembly Version of this Bill:
A9878
Law Section:
Education Law
Laws Affected:
Amd §3602, Ed L

2021-S8701 (ACTIVE) - Summary

Relates to excluding certain lottery winnings from a school district's adjusted gross income; provides that any lottery winnings in excess of twenty-five percent of a district's adjusted gross income shall be excluded from such district's adjusted gross income for the year.

2021-S8701 (ACTIVE) - Sponsor Memo

2021-S8701 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8701
 
                             I N  S E N A T E
 
                              March 31, 2022
                                ___________
 
 Introduced  by  Sen.  RYAN  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Education
 
 AN ACT to amend the education law,  in  relation  to  excluding  certain
   lottery winnings from a school district's adjusted gross income
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph h of subdivision 1 of section 3602 of the  educa-
 tion  law,  as added by section 7 of part B of chapter 57 of the laws of
 2008, is amended to read as follows
   h. "Adjusted gross income" shall mean the adjusted gross income  of  a
 school  district for the calendar year three years prior to the calendar
 year in which the current year  commences.  The  income  data  shall  be
 computed  in  accordance with regulations adopted by the commissioner of
 taxation and finance based upon personal  income  tax  returns  for  the
 calendar  year  three  years  prior  to  the  calendar year in which the
 current school year  commences,  as  reported  to  the  commissioner  by
 September  of  the  base  year,  including  the results of the permanent
 computerized statewide school district address match and income  verifi-
 cation  system. ANY LOTTERY WINNINGS IN EXCESS OF TWENTY-FIVE PERCENT OF
 A  DISTRICT'S  ADJUSTED  GROSS  INCOME  SHALL  BE  EXCLUDED  FROM   SUCH
 DISTRICT'S ADJUSTED GROSS INCOME FOR THE YEAR. The adjusted gross income
 of  the city school district of the city of New York shall be the sum of
 the adjusted gross income of the boroughs  of  the  city.  The  adjusted
 gross  income  of  a central high school district shall equal the sum of
 the adjusted gross income of each of  its  component  school  districts.
 "Selected adjusted gross income" shall mean the lesser of adjusted gross
 income  calculated  for  aid payable in the current year or the two-year
 average of the adjusted gross income calculated for aid payable  in  the
 current year and the adjusted gross income calculated for aid payable in
 the base year.
   §  2.  Subparagraph 2 of paragraph a of subdivision 16 of section 3602
 of the education law, as amended by section 18 of part B of  chapter  57
 of the laws of 2008, is amended to read as follows:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15224-01-2
              

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