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NY A05214
Bill
Status
Introduced
2/13/2015
Primary Sponsor
Brian Kolb
Click for details
AI Summary
- Amends New York tax law to allow an itemized deduction for college expenses related to course-mandated supplies for eligible college students
- Applies the same applicable percentage structure as existing college tuition expense deductions: 25% for tax years beginning in 2001, 50% for 2002, 75% for 2003, and 100% for tax years after 2003
- Prohibits taxpayers from claiming both this deduction and the credit provided under section 606(t) of the tax law
- Takes effect on January 1 of the year following the date the bill becomes law
Legislative Description
Provides an itemized deduction for expenses for course-mandated supplies for eligible college students paid by taxpayers.
Last Action
held for consideration in ways and means
6/15/2016
Committee Referrals
Ways and Means2/13/2015
Full Bill Text
No bill text available