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S2234Senate2011-2012 Session

Excludes certain tuition and related expenses from annual income for purposes of limited-profit housing eligibility

Sponsor Carl KrugerSD-27Affects Housing
Status
In Senate Committee
Housing, Construction And Community Development
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Housing, Construction And Community Development

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Who cares

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Sponsors

Primary sponsor
Carl Kruger

Senator · Senate District 27

No co-sponsors yet.

History

  1. Referred to housing, construction and community development

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S2234

Title of bill

An act to amend the private housing finance law, in relation to the definition of "probable aggregate income"

Purpose

Provides that the resident of a co-op could deduct certain school expenses for a dependent child who is a full-time student from the probable aggregate income of the family.

Justification

Many individuals residing in a co-op pay tremendous fees for children attending colleges in this state. These individuals are persons of limited income.

This bill would grant them an exemption to the aggregate annual income, thereby slowing the rate of surcharge on an apartment.

Fiscal implications

None.

Effective date

This act shall take effect on the first of September next succeeding the date on which it shall have become a law.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.