Provides a deduction in determining personal income tax for the cost of textbooks at a New York private or public college or university by a taxpayer or such taxpayer's eligible dependent; defines "eligible dependent" and "qualified education expenses".
STATE OF NEW YORK
________________________________________________________________________
6079
2025-2026 Regular Sessions
IN ASSEMBLY
February 26, 2025
___________
Introduced by M. of A. LEVENBERG, LUPARDO, EACHUS -- read once and
referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to providing a deduction in
determining personal income tax for the cost of textbooks at New York
public and private colleges and universities
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 612 of the tax law is amended by adding a new
2 subsection (y) to read as follows:
3 (y) Qualified textbook expenses. (1) For purposes of this section:
4 (A) "Eligible dependent" shall mean any individual who is a dependent
5 of the taxpayer with respect to whom an exemption is allowed under
6 section one hundred fifty-two of the internal revenue code.
7 (B) "Qualified education expenses" shall mean expenses incurred for
8 textbooks for a qualified taxpayer or for an eligible dependent at a
9 public or private college or university in this state.
10 (2) For taxable years beginning on or after January first, two thou-
11 sand twenty-six, a qualified taxpayer shall be entitled to subtract from
12 their federal adjusted gross income the cost of such taxpayer's own
13 textbooks or the cost of an eligible dependent's textbooks at a college
14 or university of the state or city university, and a private college or
15 university.
16 § 2. This act shall take effect on the first of January next succeed-
17 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.
LBD08381-01-5
