New York A05727 amends the tax law to allow an itemized deduction for expenses for course-mandated supplies for eligible college students paid by.

New York A05727 amends the tax law to provide an itemized deduction for expenses for course-mandated supplies for eligible college students paid by taxpayers. This deduction is in addition to college tuition expenses. The deduction phases in over several years, starting at 25% for taxable years beginning in 2001, increasing to 50% for 2002, 75% for 2003, and reaching 100% for subsequent years. This change aims to provide financial relief to taxpayers supporting students' educational needs.

New York A05727 amends the tax law to allow an itemized deduction for expenses for course-mandated supplies for eligible college students paid by.

New York A05727 amends the tax law to provide an itemized deduction for expenses for course-mandated supplies for eligible college students paid by taxpayers. This deduction is in addition to college tuition expenses. The deduction phases in over several years, starting at 25% for taxable years beginning in 2001, increasing to 50% for 2002, 75% for 2003, and reaching 100% for subsequent years. This change aims to provide financial relief to taxpayers supporting students' educational needs.