Bill > A06079

This bill amends New York state tax law to provide a tax deduction for textbook expenses incurred at public or private colleges and universities within the state. Specifically, beginning in the 2026 tax year, taxpayers will be able to subtract the cost of textbooks from their federal adjusted gross income, both for themselves and for their eligible dependents. The bill defines an "eligible dependent" as an individual who qualifies as a dependent under section 152 of the Internal Revenue Code, and "qualified education expenses" as textbook costs at New York state or city universities, as well as private colleges and universities. By allowing this deduction, the bill aims to provide some financial relief to students and families by reducing their taxable income based on the cost of required educational materials. The legislation will go into effect on the first day of January following its enactment.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A6079