Increases the amount of income eligible for income base reductions in certain tuition assistance program awards for students who have been granted exclusion of parental income and are single with no dependent, or who have a spouse but no other dependent, for income tax purposes.
STATE OF NEW YORK
________________________________________________________________________
6713
2023-2024 Regular Sessions
IN ASSEMBLY
May 5, 2023
___________
Introduced by M. of A. FAHY -- read once and referred to the Committee
on Higher Education
AN ACT to amend the education law, in relation to tuition assistance
program awards
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraph (iii) of paragraph a of subdivision 3 of
2 section 667 of the education law, as amended by section 3 of part H of
3 chapter 58 of the laws of 2011, is amended to read as follows:
4 (iii) (A) For students who have been granted exclusion of parental
5 income and were single with no dependent for income tax purposes during
6 the tax year next preceding the academic year for which application is
7 made, the base amount, as determined in subparagraph (i) of this para-
8 graph, shall be reduced in relation to income as follows:
9 Amount of income Schedule of reduction
10 of base amount
11 (1) Less than three thousand None
12 dollars
13 (2) Three thousand dollars or Thirty-one per centum of
14 more, but not more than amount in excess of three
15 [ten] thirty thousand thousand dollars
16 dollars
17 (B) For those students who have been granted exclusion of parental
18 income who have a spouse but no other dependent, for income tax purposes
19 during the tax year next preceding the academic year for which applica-
20 tion is made, the base amount, as determined in subparagraph (i) of this
21 paragraph, shall be reduced in relation to income as follows:
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10027-02-3
A. 6713 2
1 Amount of income Schedule of reduction
2 of base amount
3 (1) Less than seven thousand None
4 dollars
5 (2) Seven thousand dollars or Seven per centum of excess
6 more, but less than eleven over seven thousand dollars
7 thousand dollars
8 (3) Eleven thousand dollars or Two hundred eighty dollars
9 more, but less than eighteen plus ten per centum of excess
10 thousand dollars over eleven thousand dollars
11 (4) Eighteen thousand dollars or Nine hundred eighty dollars
12 more, but not more than [forty] plus twelve per centum of
13 sixty thousand dollars excess over eighteen
14 thousand dollars
15 § 2. This act shall take effect July 1, 2023.
