S07458 Summary:

BILL NOS07458
 
SAME ASSAME AS A07050
 
SPONSORCOMRIE
 
COSPNSR
 
MLTSPNSR
 
Amd §663, Ed L
 
Allows the higher education services corporation to consider an applicant's change in income due to the loss of employment in determining eligibility and award amount for the tuition assistance program; provides for the repeal of such provisions upon the expiration thereof.
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S07458 Actions:

BILL NOS07458
 
10/20/2021REFERRED TO RULES
01/05/2022REFERRED TO HIGHER EDUCATION
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S07458 Committee Votes:

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S07458 Floor Votes:

There are no votes for this bill in this legislative session.
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S07458 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7458
 
                               2021-2022 Regular Sessions
 
                    IN SENATE
 
                                    October 20, 2021
                                       ___________
 
        Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules
 
        AN ACT to amend the education law, in relation to  allowing  the  higher
          education  services  corporation  to consider an applicant's change in
          income due to the loss of employment in  determining  eligibility  and
          award  amount  for  the tuition assistance program; and to provide for
          the repeal of such provisions upon the 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.  a.  Adjustments  of  income.  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. For the two thousand twenty-one--two thousand  twenty-two  academic
    18  year, the corporation, pursuant to rules and regulations, shall consider
    19  an  applicant's  change  in  income due to the loss of employment of the
    20  applicant or parent of the applicant and utilize the applicant's  income
    21  reported  in  New  York  state income tax returns for the prior calendar
    22  year in making adjustments to eligibility and the amount  of  the  award
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10667-01-1

        S. 7458                             2
 
     1  for  such  academic  year.  The corporation may require such documentary
     2  evidence, testimony or affidavits as it  deems  sufficient  in  granting
     3  such an adjustment of an award.
     4    §  2.  This  act shall take effect immediately and shall expire and be
     5  deemed repealed December 31, 2022.
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