A05930 Summary:

BILL NOA05930
 
SAME ASNo Same As
 
SPONSORGlick
 
COSPNSRJaffee
 
MLTSPNSR
 
Amd §663, Ed L
 
Relates to a change in circumstance of income; expires June 30, 2018.
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A05930 Actions:

BILL NOA05930
 
02/17/2017referred to higher education
01/03/2018referred to higher education
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A05930 Committee Votes:

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A05930 Floor Votes:

There are no votes for this bill in this legislative session.
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A05930 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5930
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 17, 2017
                                       ___________
 
        Introduced  by  M.  of A. GLICK, JAFFEE -- read once and referred to the
          Committee on Higher Education
 
        AN ACT to amend the education law, in relation to a  change  in  circum-
          stance  of income and providing for the repeal of such provisions upon
          expiration thereof

          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.  Adjustments  of  income.  (a)  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) When making adjustments to income for change in circumstance,  the
    18  corporation  shall,  pursuant  to  rules  and  regulations,  include the
    19  following as causes  for  change  in  status  of  the  applicant:    (i)
    20  catastrophic  illness  of  the  applicant; and (ii) the applicant or the
    21  spouse of the applicant being called to active military duty.
    22    § 2. This act shall take effect immediately and shall  expire  and  be
    23  deemed repealed June 30, 2018.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09777-01-7
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