New York A 5539: Relates to increasing the phase-out threshold for tuition assistance program awards

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A05539 Summary:

BILL NOA05539 

&nbsp

SAME ASSAME AS S01732

&nbsp

SPONSORHyndman

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §667, Ed L

&nbsp

Relates to increasing the phase-out threshold for tuition assistance program awards from seven thousand dollars to eighteen thousand dollars.

Go to top A05539 Actions:

BILL NOA05539 

&nbsp

02/14/2025referred to higher education

01/07/2026referred to higher education

Go to topA05539 Committee&nbspVotes:

Go to topA05539 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA05539 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5539

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 14, 2025
 ___________

 Introduced by M. of A. HYNDMAN -- read once and referred to the Commit-
 tee on Higher Education

 AN ACT to amend the education law, in relation to increasing the phase-
 out threshold for tuition assistance program awards

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subparagraph (ii) of paragraph a of subdivision 3 of
 2 section 667 of the education law, as amended by section 1 of part X of
 3 chapter 56 of the laws of 2024, is amended to read as follows:
 4 (ii) Except for students as noted in subparagraph (iii) of this para-
 5 graph, the base amount as determined from subparagraph (i) of this para-
 6 graph, shall be reduced in relation to income as follows:

 7 Amount of income Schedule of reduction
 8 of base amount

 9 (A) Less than [seven] eighteen None
 10 thousand dollars
 11 (B) [Seven thousand dollars or Seven per centum of excess
 12 more, but less than eleven over seven thousand dollars
 13 thousand dollars
 14 (C) Eleven thousand dollars or Two hundred eighty dollars
 15 more, but less than eighteen plus ten per centum of excess
 16 thousand dollars over eleven thousand dollars
 17 (D)] Eighteen thousand dollars or Nine hundred eighty dollars
 18 more, but not more than one plus twelve per centum of
 19 hundred twenty-five excess over eighteen
 20 thousand dollars thousand dollars

 21 § 2. This act shall take effect on the one hundred eightieth day after
 22 it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04787-01-5

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