Bill
Bill > S05836
summary
Introduced
03/19/2021
03/19/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to authorizing a personal income tax deduction for student loan payments
AI Summary
This bill would authorize a personal income tax deduction of up to $5,000 for student loan payments made by eligible borrowers in New York. Eligible borrowers are defined as taxpayers who have incurred student loan debt on behalf of themselves, their spouse, or their dependents. The deduction would apply to tax years beginning on or after January 1, 2022, and the bill would take effect immediately.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S5836 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05836&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05836 |
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