Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to ways and means |
Feb 01, 2023 |
referred to ways and means |
Assembly Bill A2907
2023-2024 Legislative Session
Sponsored By
ZEBROWSKI
Current Bill Status - In Assembly 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
Actions
co-Sponsors
Donna Lupardo
Christopher Eachus
2023-A2907 (ACTIVE) - Details
2023-A2907 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2907 2023-2024 Regular Sessions I N A S S E M B L Y February 1, 2023 ___________ Introduced by M. of A. ZEBROWSKI, LUPARDO -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to providing a deduction in determining personal income tax for the cost of textbooks at New York public and private colleges and universities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 612 of the tax law is amended by adding a new subsection (y) to read as follows: (Y) QUALIFIED TEXTBOOK EXPENSES. (1) FOR PURPOSES OF THIS SECTION: (A) "ELIGIBLE DEPENDENT" SHALL MEAN ANY INDIVIDUAL WHO IS A DEPENDENT OF THE TAXPAYER WITH RESPECT TO WHOM AN EXEMPTION IS ALLOWED UNDER SECTION ONE HUNDRED FIFTY-TWO OF THE INTERNAL REVENUE CODE. (B) "QUALIFIED EDUCATION EXPENSES" SHALL MEAN EXPENSES INCURRED FOR TEXTBOOKS FOR A QUALIFIED TAXPAYER OR FOR AN ELIGIBLE DEPENDENT AT A PUBLIC OR PRIVATE COLLEGE OR UNIVERSITY IN THIS STATE. (2) FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOU- SAND TWENTY-FOUR, A QUALIFIED TAXPAYER SHALL BE ENTITLED TO SUBTRACT FROM HIS OR HER FEDERAL ADJUSTED GROSS INCOME THE COST OF SUCH TAXPAY- ER'S OWN TEXTBOOKS OR THE COST OF AN ELIGIBLE DEPENDENT'S TEXTBOOKS AT A COLLEGE OR UNIVERSITY OF THE STATE OR CITY UNIVERSITY, AND A PRIVATE COLLEGE OR UNIVERSITY. § 2. This act shall take effect on the first of January next succeed- ing the date on which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07236-01-3
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.