New York S 2502: Establishes a sea level rise mitigation and adaptation plan for cities with a population of one million or more

Bill Text

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 Speaker Carl E. Heastie

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S02502 Summary:

BILL NOS02502 

&nbsp

SAME ASSAME AS A03333

&nbsp

SPONSORGOUNARDES

&nbsp

COSPNSRADDABBO

&nbsp

MLTSPNSR

&nbsp

Amd §612, Tax L

&nbsp

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

Go to top S02502 Actions:

BILL NOS02502 

&nbsp

01/21/2025REFERRED TO BUDGET AND REVENUE

05/28/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO BUDGET AND REVENUE

Go to topS02502 Committee&nbspVotes:

Go to topS02502 Floor&nbspVotes:

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

Go to topS02502 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2502

 2025-2026 Regular Sessions

 IN SENATE

 January 21, 2025
 ___________

 Introduced by Sens. GOUNARDES, ADDABBO -- read twice and ordered print-
 ed, and when printed to be committed to the Committee on Budget and
 Revenue

 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:

 1 Section 1. Subsection (c) of section 612 of the tax law is amended by
 2 adding a new paragraph 48 to read as follows:
 3 (48) an amount equal to the interest paid by the taxpayer during the
 4 taxable year on any qualified education loan to the extent and as
 5 provided in 26 USC § 221.
 6 § 2. This act shall take effect immediately and shall apply to taxable
 7 years beginning on and after January 1, 2026.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05603-01-5

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