What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to providing personal income taxpayers with a modification reducing federal adjusted gross income for tuition paid at any institution of higher education
Summary
Subsection (c) of section 612 of the tax law is amended to allow for up to three thousand dollars of the amount paid for tuition at any institution of higher education within New York State provided that the expense is for the taxpayer or for the taxpayer or for a dependent of the taxpayer.
Justification
It is well known that the key to the future of our state lies in the education of our young men and women. While it has always been the mission of our institutions of higher education to assist in the under-graduate population,recent budgetary cutbacks have severely curtailed the educational opportunity for many. In his proposed 1997-98 State Budget, Governor Pataki projected an increase in tuition of $400 and cut the Tuition Assistance Program by $175 million. This comes in a time when our student population needs to be better educated, better trained and better prepared for the workforce.
No longer can we, as state officials, expect to have a future tax base when the educational tools are no longer available to our students. In order to remedy this continual budgetary onslaught on institutions of higher education, we must provide a monetary "rebate" to ensure that our student population has the best chance to receive a quality education and to become better equipped to contribute to the continual rebirth of the Empire State.
In order to achieve this goal, I have proposed to offer a tax deduction of up to three thousand dollars of the amount paid for tuition at any institution of higher education within New York State, provided that the expense is for the taxpayer or a dependent of the taxpayer. The tax credit will assist those families most in need due to the drastic cuts by Governor Pataki.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.