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NY S08701

Bill

Official Source

Status

Introduced

3/31/2022

Primary Sponsor

Sean Ryan

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends education law to exclude lottery winnings exceeding 25% of a school district's adjusted gross income from calculations used to determine state aid
  • Applies the lottery winnings exclusion to adjusted gross income computations under subdivision 1 of section 3602 of the education law
  • Applies the lottery winnings exclusion to adjusted gross income computations under subdivision 16 of section 3602 of the education law
  • 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

SUBSTITUTED BY A9878

6/1/2022

Committee Referrals

Rules6/1/2022
Education3/31/2022

Full Bill Text

No bill text available