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A04263 Summary:

BILL NOA04263
 
SAME ASNo Same As
 
SPONSORCunningham (MS)
 
COSPNSRKassay, Griffin
 
MLTSPNSRAlvarez, Forrest, Gibbs, Hyndman, Kelles
 
Amd §667, Ed L
 
Increases the income eligibility threshold for the tuition assistance program up to one hundred fifty thousand dollars.
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A04263 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4263
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 31, 2025
                                       ___________
 
        Introduced  by  M.  of  A.  CUNNINGHAM -- Multi-Sponsored by -- M. of A.
          ALVAREZ, FORREST, GIBBS, HYNDMAN, KELLES -- read once and referred  to
          the Committee on Higher Education
 
        AN  ACT to amend the education law, in relation to increasing the income
          eligibility threshold for the tuition assistance program

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subparagraph  (ii)  of  paragraph  a  of subdivision 3 of
     2  section 667 of the education law, as amended by section 1 of part  X  of
     3  chapter 56 of the laws of 2024, is amended to read as follows:
     4    (ii)  Except for students as noted in subparagraph (iii) of this para-
     5  graph, the base amount as determined from subparagraph (i) of this para-
     6  graph, shall be reduced in relation to income as follows:
 
     7  Amount of income                    Schedule of reduction
     8                                      of base amount
 
     9  (A) Less than seven thousand        None
    10      dollars
    11  (B) Seven thousand dollars or       Seven per centum of excess
    12      more, but less than eleven      over seven thousand dollars
    13      thousand dollars
    14  (C) Eleven thousand dollars or      Two hundred eighty dollars
    15      more, but less than eighteen    plus ten per centum of excess
    16      thousand dollars                over eleven thousand dollars
    17  (D) Eighteen thousand dollars or    Nine hundred eighty dollars
    18      more, but not more than one     plus twelve per centum of
    19      hundred [twenty-five]           excess over eighteen
    20      fifty                           thousand dollars
    21      thousand dollars
 
    22    § 2. This act shall take effect on the first of July  next  succeeding
    23  the date on which it shall have become a law.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06526-01-5
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