Assembly Bill A2136

2023-2024 Legislative Session

Provides for the deduction of student loan interest from federal adjusted gross income

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A2136 (ACTIVE) - Details

See Senate Version of this Bill:
S2576
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L
Versions Introduced in 2021-2022 Legislative Session:
A9842, S8379

2023-A2136 (ACTIVE) - Summary

Provides for the deduction of student loan interest from federal adjusted gross income.

2023-A2136 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2136
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2023
                                ___________
 
 Introduced  by M. of A. DINOWITZ, TAPIA, SIMON, JACOBSON, TAYLOR, GIBBS,
   L. ROSENTHAL,  ZINERMAN,  BURGOS,  McMAHON,  KELLES,  AUBRY,   HUNTER,
   DARLING -- read once and referred to the Committee on Ways and Means
 
 AN  ACT to amend the tax law, in relation to providing for the deduction
   of student loan interest from federal adjusted gross income

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subsection (c) of section 612 of the tax law is amended by
 adding a new paragraph 47 to read as follows:
   (47) AN AMOUNT EQUAL TO THE INTEREST PAID BY THE TAXPAYER  DURING  THE
 TAXABLE  YEAR  ON  ANY  QUALIFIED  EDUCATION  LOAN  TO THE EXTENT AND AS
 PROVIDED IN 26 USC § 221.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after January 1, 2024.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01427-01-3

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