S T A T E O F N E W Y O R K
________________________________________________________________________
5727
2025-2026 Regular Sessions
I N A S S E M B L Y
February 20, 2025
___________
Introduced by M. of A. BARCLAY, BRABENEC, SMITH, DiPIETRO, MIKULIN,
WALSH, MILLER, REILLY, SIMPSON, LEMONDES, JENSEN, DeSTEFANO, TAGUE --
Multi-Sponsored by -- M. of A. BLANKENBUSH, K. BROWN, DURSO, GALLAHAN,
HAWLEY, MANKTELOW, McDONOUGH -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the tax law, in relation to providing a tax credit for
course-mandated supplies for eligible college students
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 4 of subsection (d) of section 615 of the tax
law, as added by section 2 of part DD of chapter 63 of the laws of 2000,
is amended to read as follows:
(4) allowable college tuition expenses, as defined in paragraph two of
subsection (t) of section six hundred six of this article, AND COLLEGE
EXPENSES FOR COURSE-MANDATED SUPPLIES multiplied by the applicable
percentage. Such applicable percentage shall be twenty-five percent for
taxable years beginning in two thousand one, fifty percent for taxable
years beginning in two thousand two, seventy-five percent for taxable
years beginning in two thousand three and one hundred percent for taxa-
ble years beginning after two thousand three. Provided, however, no
deduction shall be allowed under this paragraph to a taxpayer who claims
the credit provided under subsection (t) of section six hundred six of
this article.
§ 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.
LBD03964-01-5
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