What's happening
This bill allows New York taxpayers to deduct the cost of college textbooks for themselves or eligible dependents from state income tax.
Why it matters
Helps mitigate the rising costs of college attendance. , as textbooks can represent a significant out-of-pocket expense often not covered by other financial aid or tuition assistance programs.
Expands financial relief to families, not just students themselves. , by allowing deductions for the textbook costs of eligible dependents, making higher education more affordable for households supporting multiple students.
Applies to both public and private college students in New York. , ensuring that the benefit is broadly available regardless of the type of institution attended, and potentially encouraging more students to consider in-state options.
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Who cares
Headline styles
Tax Break for College Textbooks
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to ways and means
- Referred to ways and means
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1591
2017-2018 Regular Sessions
IN ASSEMBLY
January 12, 2017
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 Assembly, do enact as follows:
Section 1. Section 612 of the tax law is amended by adding a new subsection (w) to read as follows:
(w) 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 thousand eighteen, a qualified taxpayer shall be entitled to subtract from his or her federal adjusted gross income the cost of such taxpayer'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 succeeding 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.
LBD04506-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.