Bill Text: NY A05367 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to a change in circumstance of income; expires June 30, 2016.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2016-01-06 - referred to higher education [A05367 Detail]

Download: New_York-2015-A05367-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5367
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 20, 2015
                                      ___________
       Introduced  by  M. of A. GLICK, JAFFEE -- Multi-Sponsored by -- M. of A.
         FARRELL, MAGEE -- read once and referred to the  Committee  on  Higher
         Education
       AN  ACT  to  amend the education law, in relation to a change in circum-
         stance of income and providing for the repeal of such provisions  upon
         expiration thereof
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 5 of section  663  of  the  education  law,  as
    2  amended  by  section  3  of part J of chapter 58 of the laws of 2011, is
    3  amended to read as follows:
    4    5. Adjustments of income. (A)  In  the  determination  of  income  for
    5  purposes  of  paragraphs  a  and  b  of subdivision three of section six
    6  hundred sixty-seven of this part if, during the academic year  in  which
    7  the  applicant  will  receive an award, one of either the parents of the
    8  applicant or other dependent child of such parents, the  spouse  of  the
    9  applicant,  or one or more dependent children of the applicant, in addi-
   10  tion to the applicant, will be in full-time attendance  in  an  approved
   11  program,  the  combined  net taxable income determined under subdivision
   12  one of this section shall be reduced by three thousand  dollars  and  an
   13  additional two thousand dollars for each other such person additional to
   14  the  aforesaid  persons  (including  the  applicant) who will be in such
   15  attendance, and the resulting amount  shall  be  deemed  the  applicable
   16  income in determining the applicant's award for the academic year.
   17    (B)  WHEN MAKING ADJUSTMENTS TO INCOME FOR CHANGE IN CIRCUMSTANCE, THE
   18  CORPORATION SHALL,  PURSUANT  TO  RULES  AND  REGULATIONS,  INCLUDE  THE
   19  FOLLOWING  AS  CAUSES  FOR  CHANGE  IN  STATUS  OF  THE APPLICANT:   (I)
   20  CATASTROPHIC ILLNESS OF THE APPLICANT; AND (II)  THE  APPLICANT  OR  THE
   21  SPOUSE OF THE APPLICANT BEING CALLED TO ACTIVE MILITARY DUTY.
   22    S  2.  This  act shall take effect immediately and shall expire and be
   23  deemed repealed June 30, 2016.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03856-01-5