STATE OF NEW YORK
________________________________________________________________________
3333
2025-2026 Regular Sessions
IN ASSEMBLY
January 27, 2025
___________
Introduced by M. of A. DINOWITZ, TAPIA, SIMON, JACOBSON, TAYLOR, GIBBS,
ROSENTHAL, ZINERMAN, McMAHON, KELLES, HUNTER -- 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:
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
