New York State Assembly

Bill No.:  

 
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S02576 Summary:

BILL NO	S02576
SAME AS	SAME AS A02136
SPONSOR	GOUNARDES
COSPNSR	ADDABBO
MLTSPNSR
Amd §612, Tax L
Provides for the deduction of student loan interest from federal adjusted gross income.

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S02576 Actions:

BILL NO	S02576
01/23/2023	REFERRED TO BUDGET AND REVENUE
05/02/2023	REPORTED AND COMMITTED TO FINANCE
01/03/2024	REFERRED TO BUDGET AND REVENUE
03/26/2024	REPORTED AND COMMITTED TO FINANCE

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S02576 Committee Votes:

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S02576 Floor Votes:

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S02576 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          2576
 
                               2023-2024 Regular Sessions
 
                    IN SENATE
 
                                    January 23, 2023
                                       ___________
 
        Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue
 
        AN  ACT to amend the tax law, in relation to providing for the deduction
          of student loan interest from federal adjusted gross income
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. Subsection (c) of section 612 of the tax law is amended by
     2  adding a new paragraph 47 to read as follows:
     3    (47) an amount equal to the interest paid by the taxpayer  during  the
     4  taxable  year  on  any  qualified  education  loan  to the extent and as
     5  provided in 26 USC § 221.
     6    § 2. This act shall take effect immediately and shall apply to taxable
     7  years beginning on and after January 1, 2024.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01427-01-3

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