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NY A02578
Bill
Status
Introduced
1/19/2011
Primary Sponsor
Michael Fitzpatrick
Click for details
AI Summary
- Establishes a personal income tax credit for New York State residents whose dependents are enrolled full-time as undergraduate college students
- Credit covers expenses for new and used required textbooks and laptop computers up to a maximum of $1,000 per taxpayer per year
- Excess credits that exceed a taxpayer's tax liability are refundable as overpayments without interest
- Defines "dependents" according to Section 152 of the United States Internal Revenue Code
- Takes effect immediately upon enactment
Legislative Description
Establishes a college student expense personal income tax credit for a taxpayer or his or her dependents who are enrolled full-time in an undergraduate college, equal to the amount paid for new and used required textbooks and laptop computers not to exceed one thousand dollars.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means1/19/2011
Full Bill Text
No bill text available