Bill
Bill > S02895
summary
Introduced
01/25/2023
01/25/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 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 amends the New York tax law to authorize a personal income tax deduction of up to $5,000 for student loan payments made by eligible borrowers. Eligible borrowers are taxpayers who have incurred indebtedness on student loans on behalf of themselves, their spouse, or their dependents. The bill applies to taxable years beginning on or after January 1, 2024.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
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/2023/S2895 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S02895&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02895 |
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