Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 22, 2024 |
signed chap.109 delivered to governor |
Mar 12, 2024 |
returned to senate passed assembly |
Mar 11, 2024 |
ordered to third reading cal.359 substituted for a8874 |
Mar 11, 2024 |
substituted by s8070 |
Mar 07, 2024 |
advanced to third reading cal.359 |
Mar 05, 2024 |
reported |
Jan 25, 2024 |
referred to ways and means |
Assembly Bill A8874
Signed By Governor2023-2024 Legislative Session
Sponsored By
REYES
Current Bill Status Via S8070 - Signed by Governor
- 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
Votes
co-Sponsors
Rodneyse Bichotte Hermelyn
David Weprin
2023-A8874 (ACTIVE) - Details
- See Senate Version of this Bill:
- S8070
- Law Section:
- Tax Law
- Laws Affected:
- Amd §612, Tax L (as proposed in S.143 & A.4421)
2023-A8874 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8874 I N A S S E M B L Y January 25, 2024 ___________ Introduced by M. of A. REYES -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to excluding certain student loan discharge or forgiveness amounts from state income tax to the extent such amount is included in federal adjusted gross income THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 47 of subsection (c) of section 612 of the tax law, as added by a chapter of the laws of 2023, amending the tax law relating to excluding certain student loan discharge or forgiveness amounts from state income tax, as proposed in legislative bills numbers S. 143 and A. 4421, is amended to read as follows: (47) [The] FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-THREE, THE amount of any student loan discharged or forgiven by the secretary of education pursuant to [authorization provided by 20 U.S.C. § 1098aa, 1098bb, 1098cc, 1098dd or 1098ee shall not be considered taxable income for the purpose of calculating New York adjusted gross income, irrespective of whether it is considered taxable income for federal income tax purposes] ANY FEDERALLY AUTHORIZED PROGRAM, TO THE EXTENT INCLUDED IN FEDERAL ADJUSTED GROSS INCOME. § 2. This act shall take effect on the same date and in the same manner as a chapter of the laws of 2023, amending the tax law relating to excluding certain student loan discharge or forgiveness amounts from state income tax, as proposed in legislative bills numbers S. 143 and A. 4421, takes effect. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01849-02-4
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