Bill Text: NY S01900 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides taxpayers with a personal income tax deduction for up to $3,000 paid for tuition of the taxpayer or a dependent of the taxpayer at an institution of higher education located in this state; applicable to taxpayers with a NY taxable income of less than $100,000.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-01-14 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S01900 Detail]

Download: New_York-2011-S01900-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1900
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                   January 14, 2011
                                      ___________
       Introduced  by  Sen.  KRUGER -- read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment Operations
       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  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1. Subsection (c) of section 612 of the tax law is amended by
    2  adding a new paragraph 39 to read as follows:
    3    (39) FOR TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO THOU-
    4  SAND ELEVEN, THE AMOUNT PAID BY A  TAXPAYER  WITH  A  NEW  YORK  TAXABLE
    5  INCOME BEFORE THE APPLICATION OF THIS PARAGRAPH OF LESS THAN ONE HUNDRED
    6  THOUSAND  DOLLARS,  FOR  TUITION  AT ANY INSTITUTION OF HIGHER EDUCATION
    7  WITHIN THE STATE PROVIDED SUCH EXPENSE IS FOR TUITION OF THE TAXPAYER OR
    8  A DEPENDENT OF THE TAXPAYER  AND  PROVIDED,  HOWEVER,  THAT  THE  HEREIN
    9  AUTHORIZED  AMOUNT  OF  THE  DEDUCTION  SHALL  NOT EXCEED THREE THOUSAND
   10  DOLLARS MULTIPLIED BY THE NUMBER OF PERSONS FOR  WHOM  SUCH  TUITION  IS
   11  PAID.
   12    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06676-01-1