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NY A09842
NY A09842Provides for the deduction of student loan interest from federal adjusted gross income.
summary
Introduced
04/19/2022
04/19/2022
In Committee
04/19/2022
04/19/2022
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 providing for the deduction of student loan interest from federal adjusted gross income
AI Summary
This bill allows taxpayers to deduct the interest paid on qualified student loans from their federal adjusted gross income, as provided for under Section 221 of the Internal Revenue Code. The deduction would apply to taxable years beginning on or after January 1, 2023.
Committee Categories
Budget and Finance
Sponsors (16)
Jeffrey Dinowitz (D)*,
Jeffrion Aubry (D),
Kenny Burgos (D),
Taylor Darling (D),
Steven Englebright (D),
Eddie Gibbs (D),
Richard Gottfried (D),
Pamela Hunter (D),
Jonathan Jacobson (D),
Anna Kelles (D),
Karen McMahon (D),
Linda Rosenthal (D),
Jo Anne Simon (D),
Yudelka Tapia (D),
Al Taylor (D),
Stefani Zinerman (D),
Last Action
referred to ways and means (on 04/19/2022)
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/A9842 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A09842&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A09842 |
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