A 6079: Provides a deduction in determining personal income tax for the cost of textbooks at a New York private or public college or university by a taxpayer or such taxpayer's eligible dependent; defines "eligible dependent" and "qualified education expenses".

  
  STATE OF NEW YORK ________________________________________________________________________ 6079 2025-2026 Regular Sessions  IN ASSEMBLY February 26, 2025 ___________ Introduced by M. of A. LEVENBERG, LUPARDO, EACHUS -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to providing a deduction in determining personal income tax for the cost of textbooks at New York public and private colleges and universities The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 612 of the tax law is amended by adding a new 2 subsection (y) to read as follows: 3 (y) Qualified textbook expenses. (1) For purposes of this section: 4 (A) "Eligible dependent" shall mean any individual who is a dependent 5 of the taxpayer with respect to whom an exemption is allowed under 6 section one hundred fifty-two of the internal revenue code. 7 (B) "Qualified education expenses" shall mean expenses incurred for 8 textbooks for a qualified taxpayer or for an eligible dependent at a 9 public or private college or university in this state. 10 (2) For taxable years beginning on or after January first, two thou- 11 sand twenty-six, a qualified taxpayer shall be entitled to subtract from 12 their federal adjusted gross income the cost of such taxpayer's own 13 textbooks or the cost of an eligible dependent's textbooks at a college 14 or university of the state or city university, and a private college or 15 university. 16 § 2. This act shall take effect on the first of January next succeed- 17 ing the date on which it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08381-01-5