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A07245 Summary:

BILL NOA07245A
 
SAME ASSAME AS S02565-A
 
SPONSORKelles
 
COSPNSR
 
MLTSPNSR
 
Amd §663, Ed L
 
Allows the higher education services corporation to consider an applicant's change in income due to the loss of employment in determining eligibility and award amount for the tuition assistance program.
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A07245 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         7245--A
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 21, 2025
                                       ___________
 
        Introduced by M. of A. KELLES -- read once and referred to the Committee
          on  Higher  Education  --  committee discharged, bill amended, ordered
          reprinted as amended and recommitted to said committee
 
        AN ACT to amend the education law, in relation to  allowing  the  higher
          education  services  corporation  to consider an applicant's change in
          income due to the loss of employment in  determining  eligibility  and
          award amount 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. Subdivision 5 of section  663  of  the  education  law,  as
     2  amended  by  section  3  of part J of chapter 58 of the laws of 2011, is
     3  amended to read as follows:
     4    5. a. Adjustments of  income.  In  the  determination  of  income  for
     5  purposes  of  paragraphs  a  and  b  of subdivision three of section six
     6  hundred sixty-seven of this part if, during the academic year  in  which
     7  the  applicant  will  receive an award, one of either the parents of the
     8  applicant or other dependent child of such parents, the  spouse  of  the
     9  applicant,  or one or more dependent children of the applicant, in addi-
    10  tion to the applicant, will be in full-time attendance  in  an  approved
    11  program,  the  combined  net taxable income determined under subdivision
    12  one of this section shall be reduced by three thousand  dollars  and  an
    13  additional two thousand dollars for each other such person additional to
    14  the  aforesaid  persons  (including  the  applicant) who will be in such
    15  attendance, and the resulting amount  shall  be  deemed  the  applicable
    16  income in determining the applicant's award for the academic year.
    17    b.  The corporation, pursuant to rules and regulations, shall consider
    18  an applicant's change in income due to the loss  of  employment  of  the
    19  applicant  or parent of the applicant and utilize the applicant's income
    20  reported in New York state income tax returns  for  the  prior  calendar
    21  year  in  making  adjustments to eligibility and the amount of the award
    22  for the current academic year. The corporation may require such documen-
    23  tary evidence, testimony or affidavits as it deems sufficient in  grant-
    24  ing such an adjustment of an award.
    25    § 2. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04951-02-5
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