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NY A03318
Bill
Status
Introduced
1/24/2013
Primary Sponsor
Michael Fitzpatrick
Click for details
AI Summary
- Allows New York State resident taxpayers to claim a personal income tax credit for college student expenses
- Credit covers expenses for new and used required textbooks and laptop computers, with a maximum annual credit of $1,000
- Applies to taxpayers or their dependents who are enrolled full-time in an undergraduate college
- Makes the credit refundable, meaning excess credits are treated as tax overpayments to be refunded (without interest)
- 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
6/17/2014
Committee Referrals
Ways and Means1/24/2013
Full Bill Text
No bill text available