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NY A09878

Bill

Official Source

Status

Passed

12/28/2022

Primary Sponsor

William Conrad

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Excludes lottery winnings exceeding 25% of a school district's adjusted gross income from the calculation of adjusted gross income used for state aid purposes
  • Applies the exclusion to adjusted gross income calculations under Education Law Section 3602, paragraph h, subdivision 1
  • Applies the same lottery winnings exclusion to adjusted gross income calculations under Education Law Section 3602, paragraph a, subdivision 16, subparagraph 2
  • Takes effect immediately upon enactment

Legislative Description

Relates to excluding certain lottery winnings from a school district's adjusted gross income; provides that any lottery winnings in excess of twenty-five percent of a district's adjusted gross income shall be excluded from such district's adjusted gross income for the year.

Last Action

approval memo.81

12/28/2022

Committee Referrals

Education5/24/2022
Rules5/17/2022
Ways and Means5/11/2022
Education4/19/2022

Full Bill Text

No bill text available