STATE OF NEW YORK
________________________________________________________________________
3528
2019-2020 Regular Sessions
IN SENATE
February 8, 2019
___________
Introduced by Sen. CARLUCCI -- 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 increasing the college
tuition personal income tax credit
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraph (A) of paragraph 2 of subsection (t) of
2 section 606 of the tax law, as amended by section 1 of part N of chapter
3 85 of the laws of 2002, is amended to read as follows:
4 (A) The term "allowable college tuition expenses" shall mean the
5 amount of qualified college tuition expenses of eligible students paid
6 by the taxpayer during the taxable year, limited to [ten] twenty thou-
7 sand dollars for each such student;
8 § 2. This act shall take effect immediately, and shall apply to the
9 taxable year in which it takes effect and taxable years commencing on or
10 after such date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06254-01-9
