What's happening
This bill allows New York taxpayers with under $100,000 in federal adjusted gross income to deduct up to $3,000 per person for in-state college tuition.
Why it matters
Reduces the financial burden of in-state college tuition. for lower- and middle-income families, making higher education more accessible for New Yorkers earning under $100,000.
Applies to both taxpayers and their dependents. , allowing families with multiple students in college to benefit from a larger overall deduction, up to $3,000 per qualifying individual.
Incentivizes attendance at New York institutions. , potentially supporting the state’s colleges and universities by making them more attractive to residents seeking affordable higher education.
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
Taxpayers paying their own college tuition
Those with federal adjusted gross income below $100,000 could deduct up to $3,000 for tuition paid at a higher education institution within New York when calculating state taxable income.
Taxpayers paying dependents’ college tuition
Eligible taxpayers could deduct tuition payments up to $3,000 per person, including dependents, for taxable years beginning on or after January 1, 2019.
New York colleges and universities
Tuition paid to higher education institutions within the state would qualify for the proposed deduction, while tuition paid to out-of-state institutions would not.
Headline styles
Cut Taxes for College Tuition
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Referred to ways and means
- Print number 2276a
- Amend and recommit to ways and means
- Referred to ways and means
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Cut Taxes for College Tuition
In Senate Committee · Investigations And Government Operations · Sponsor Gustavo Rivera
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2276--A
2019-2020 Regular Sessions
IN ASSEMBLY
January 22, 2019
Introduced by M. of A. PICHARDO, SAYEGH, ARROYO -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
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
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subsection (c) of section 612 of the tax law is amended by adding a new paragraph 44 to read as follows:
(44) For taxable years beginning on and after January first, two thousand nineteen, the amount paid by a taxpayer with a federal adjusted gross income of less than one hundred thousand dollars, for tuition at any institution of higher education within the state provided such expense is for tuition of the taxpayer or a dependent of the taxpayer and; provided, however, that such authorized amount of the deduction shall not exceed three thousand dollars multiplied by the number of persons for whom such tuition is paid.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06449-03-9
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.