NY A 1245
in committeeProvides for a personal income tax deduction for student loan payments
New York · 2025-2026 Regular Session · lower
Description
Provides for a personal income tax deduction for student loan payments not in excess of five thousand dollars; excludes any payment not in excess of five thousand dollars made by an employer, employee, or on behalf of an employee that is directly deducted from the employee's wages through payroll and administered by a third-party platform that facilitates direct payments to educational institutions or related loan servicers on behalf of students such amount from an employee's New York state gross income; further excludes any contribution not to exceed five thousand dollars to a tuition program under section 529 of the Internal Revenue Code made through payroll deduction and facilitated by an employer or a third-party platform that facilitates direct payments to such programs on behalf of employees from the employee's New York state gross income.
- Introduced
- —
- Status date
- —
- Latest action
- 2026-01-07 — REFERRED TO WAYS AND MEANS
- Bill type
- bill
- Last updated
- —
Sponsors
- Jo Anne Simonprimary
- Robert C. Carrollcosponsor
- William Magnarellicosponsor
- Angelo Santabarbaracosponsor
- Jeffrey Dinowitzcosponsor
- Michael Tannousiscosponsor
- Karen McMahoncosponsor
- John Lemondescosponsor
- Steve Sterncosponsor
- Jerett Gandolfocosponsor
- Joe Angelinocosponsor
- Amanda Septimocosponsor
- Chantel Jacksoncosponsor
- Catalina Cruzcosponsor
- Zohran Mamdanicosponsor
- Pamela J. Huntercosponsor
- Michael Dursocosponsor
- Donna Lupardocosponsor
- Maritza Davilacosponsor
- Tony Simonecosponsor
- Rebecca Seawrightcosponsor
- Joe DeStefanocosponsor
- MaryJane Shimskycosponsor
- William Coltoncosponsor
- Jonathan Jacobsoncosponsor
- John K. Mikulincosponsor
- Phara Souffrant Forrestcosponsor
- Sarah Clarkcosponsor
- Kalman Yegercosponsor
- Anna Kellescosponsor
Committees
Not provided by source.
Action timeline
2025-01-09
REFERRED TO WAYS AND MEANS
referral-committee
2025-11-21
AMEND AND RECOMMIT TO WAYS AND MEANS
amendment-passage,referral-committee
2025-11-21
PRINT NUMBER 1245A
amendment-passage
2026-01-07
REFERRED TO WAYS AND MEANS
referral-committee
Versions
Documents
- application/pdf(no extracted text yet)
- text/html(no extracted text yet)
- application/pdf(no extracted text yet)
Votes
Not provided by source.
Related bills
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
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