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NY A03045

Bill

Official Source

Status

Introduced

1/22/2009

Primary Sponsor

Thomas Alfano

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Adds college expenses for course-mandated supplies to allowable deductible expenses under New York tax law section 615
  • Allows deduction of course-mandated supplies expenses multiplied by an applicable percentage: 25% for tax years beginning in 2001, 50% for 2002, 75% for 2003, and 100% for years after 2003
  • Prohibits taxpayers from claiming both the course-mandated supplies deduction and the college tuition credit under section 606(t)
  • Takes effect on January 1st of the year following enactment

Legislative Description

An act to amend the tax law, in relation to providing a tax credit for course-mandated supplies for eligible college students

Last Action

held for consideration in ways and means

7/1/2010

Committee Referrals

Ways and Means1/22/2009

Full Bill Text

No bill text available