STATE OF NEW YORK
________________________________________________________________________
5727
2025-2026 Regular Sessions
IN ASSEMBLY
February 20, 2025
___________
Introduced by M. of A. BARCLAY, BRABENEC, SMITH, DiPIETRO, MIKULIN,
WALSH, MILLER, REILLY, SIMPSON, LEMONDES, JENSEN, DeSTEFANO, TAGUE --
Multi-Sponsored by -- M. of A. BLANKENBUSH, K. BROWN, DURSO, GALLAHAN,
HAWLEY, MANKTELOW, McDONOUGH -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the tax law, in relation to providing a tax credit for
course-mandated supplies for eligible college students
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph 4 of subsection (d) of section 615 of the tax
2 law, as added by section 2 of part DD of chapter 63 of the laws of 2000,
3 is amended to read as follows:
4 (4) allowable college tuition expenses, as defined in paragraph two of
5 subsection (t) of section six hundred six of this article, and college
6 expenses for course-mandated supplies multiplied by the applicable
7 percentage. Such applicable percentage shall be twenty-five percent for
8 taxable years beginning in two thousand one, fifty percent for taxable
9 years beginning in two thousand two, seventy-five percent for taxable
10 years beginning in two thousand three and one hundred percent for taxa-
11 ble years beginning after two thousand three. Provided, however, no
12 deduction shall be allowed under this paragraph to a taxpayer who claims
13 the credit provided under subsection (t) of section six hundred six of
14 this article.
15 § 2. This act shall take effect on the first of January next succeed-
16 ing 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.
LBD03964-01-5
