Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to ways and means |
Jun 12, 2015 |
referred to ways and means |
Assembly Bill A8233
2015-2016 Legislative Session
Sponsored By
NOLAN
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Rodneyse Bichotte Hermelyn
James F. Brennan
Earlene Hooper
2015-A8233 (ACTIVE) - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §612, Tax L
2015-A8233 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8233 2015-2016 Regular Sessions I N A S S E M B L Y June 12, 2015 ___________ Introduced by M. of A. NOLAN, BICHOTTE, BRENNAN, SILVER -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to creating the primary or secondary education expense deduction THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 612 of the tax law is amended by adding a new subdivision (w) to read as follows: (W) PRIMARY OR SECONDARY EDUCATION EXPENSE DEDUCTION. (1) GENERAL. A RESIDENT TAXPAYER WHOSE NEW YORK ADJUSTED GROSS INCOME IS LESS THAN ONE HUNDRED TWENTY THOUSAND DOLLARS SHALL BE ALLOWED A DEDUCTION, TO BE COMPUTED AS PROVIDED IN PARAGRAPH FIVE OF THIS SUBSECTION, AGAINST THE TAX IMPOSED BY ARTICLE TWENTY-TWO OF THIS CHAPTER, FOR ALLOWABLE PRIMARY OR SECONDARY EDUCATION EXPENSES. (2) ALLOWABLE PRIMARY OR SECONDARY EDUCATION EXPENSES. FOR THE PURPOSES OF THIS DEDUCTION: (A) THE TERM "ALLOWABLE PRIMARY OR SECONDARY EDUCATION EXPENSES" SHALL MEAN THE AMOUNT OF QUALIFIED PRIMARY OR SECONDARY EDUCATION EXPENSES OF ELIGIBLE STUDENTS PAID BY THE TAXPAYER DURING THE TAXABLE YEAR, BUT NO MORE THAN THREE THOUSAND DOLLARS PER ELIGIBLE STUDENT, NOT TO EXCEED TWELVE THOUSAND DOLLARS PER TAXPAYER; (B) THE TERM "ELIGIBLE STUDENT" SHALL MEAN ANY DEPENDENT OF THE TAXPAYER WITH RESPECT TO WHOM THE TAXPAYER IS ALLOWED AN EXEMPTION UNDER SECTION SIX HUNDRED SIXTEEN OF THIS PART FOR THE TAXABLE YEAR; (C) THE TERM "QUALIFIED PRIMARY OR SECONDARY EDUCATION EXPENSES" SHALL INCLUDE COSTS FOR THE ENROLLMENT OR ATTENDANCE OF AN ELIGIBLE STUDENT AT AN INSTITUTION OF PRIMARY OR SECONDARY EDUCATION AND EXPENSES INCURRED AND PAID BY THE TAXPAYER, INCLUDING BUT NOT LIMITED TO, BOOKS, SUPPLIES, SUPPLEMENTARY TUTORING, COMPUTER EQUIPMENT (INCLUDING RELATED SOFTWARE AND SERVICES), AND OTHER EQUIPMENT, OR SUPPLEMENTARY MATERIAL, THAT ARE USED IN ELEMENTARY AND SECONDARY SCHOOLS IN TEACHING, SUPPLEMENTING OR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11660-02-5
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