Bill Text: NY S01732 | 2025-2026 | General Assembly | Introduced

New York Senate Bill 1732

Introduced

Bill Title: Relates to increasing the phase-out threshold for tuition assistance program awards from seven thousand dollars to eighteen thousand dollars.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-13 - REFERRED TO HIGHER EDUCATION [S01732 Detail]

Download: New_York-2025-S01732-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          1732

                               2025-2026 Regular Sessions

                    IN SENATE

                                    January 13, 2025
                                       ___________

        Introduced  by  Sen.  FAHY  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Higher Education

        AN ACT to amend the education law, in relation to increasing the  phase-
          out threshold for tuition assistance program awards

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subparagraph (ii)  of  paragraph  a  of  subdivision  3  of
     2  section  667  of the education law, as amended by section 1 of part X of
     3  chapter 56 of the laws of 2024, is amended to read as follows:
     4    (ii) Except for students as noted in subparagraph (iii) of this  para-
     5  graph, the base amount as determined from subparagraph (i) of this para-
     6  graph, shall be reduced in relation to income as follows:

     7  Amount of income                    Schedule of reduction
     8                                      of base amount

     9  (A) Less than [seven] eighteen      None
    10       thousand dollars
    11  (B) [Seven thousand dollars or      Seven per centum of excess
    12      more, but less than eleven      over seven thousand dollars
    13      thousand dollars
    14  (C) Eleven thousand dollars or      Two hundred eighty dollars
    15      more, but less than eighteen    plus ten per centum of excess
    16      thousand dollars                over eleven thousand dollars
    17  (D)] Eighteen thousand dollars or   Nine hundred eighty dollars
    18      more, but not more than one     plus twelve per centum of
    19      hundred twenty-five             excess over eighteen
    20      thousand dollars                thousand dollars

    21    § 2. This act shall take effect on the one hundred eightieth day after
    22  it shall have become a law.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04787-01-5