New York State Assembly

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S06724 Summary:

BILL NO	S06724
SAME AS	SAME AS UNI. A08937
SPONSOR	BRESLIN
COSPNSR
MLTSPNSR
Relates to the calculation of "adjusted gross income" for purposes of computation of state aid.

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S06724 Actions:

BILL NO	S06724
03/04/2014	REFERRED TO EDUCATION

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S06724 Floor Votes:

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S06724 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
            S. 6724                                                  A. 8937
 
                SENATE - ASSEMBLY
 
                                      March 4, 2014
                                       ___________
 
        IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
          ed, and when printed to be committed to the Committee on Education
 
        IN ASSEMBLY -- Introduced by M. of A. McDONALD -- read once and referred
          to the Committee on Education
 
        AN  ACT  in  relation  to the calculation of "adjusted gross income" for
          purposes of computation of state aid
 

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Notwithstanding any provision of the law to the contrary,
     2  for purposes of computing state aid pursuant  to  section  3602  of  the
     3  education  law  for  the  2014-15 school year for any school district in
     4  which the adjusted gross income for the 2011 calendar year  exceeds  the
     5  adjusted  gross  income for the 2010 calendar year by greater than fifty
     6  percent but less than one hundred percent, "adjusted gross income" shall
     7  mean the adjusted gross income of a school  district  for  the  calendar
     8  year  four  years  prior  to the calendar year in which the current year
     9  commences. The income data shall be computed in  accordance  with  regu-
    10  lations  adopted  by the commissioner of taxation and finance based upon

    11  personal income tax returns for the calendar year three years  prior  to
    12  the  calendar  year  in  which  the  current  school  year commences, as
    13  reported to the commissioner by September of the  base  year,  including
    14  the  results  of  the  permanent  computerized statewide school district
    15  address match and income verification system.
    16    § 2. This act shall take effect July 1, 2014.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14172-01-4

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