Allows deduction of textbook costs for taxpayers and their eligible dependents at New York colleges and universities.

This bill amends the tax law to provide a deduction for the cost of textbooks at New York public and private colleges and universities. It defines "eligible dependent" as any individual who is a dependent of the taxpayer with respect to whom an exemption is allowed under section one. The deduction applies to qualified education expenses, specifically the cost of textbooks for a qualified taxpayer or an eligible dependent. The deduction is applicable for taxable years beginning on or after January 1, 2026.

Allows deduction of textbook costs for taxpayers and their eligible dependents at New York colleges and universities.

This bill amends the tax law to provide a deduction for the cost of textbooks at New York public and private colleges and universities. It defines "eligible dependent" as any individual who is a dependent of the taxpayer with respect to whom an exemption is allowed under section one. The deduction applies to qualified education expenses, specifically the cost of textbooks for a qualified taxpayer or an eligible dependent. The deduction is applicable for taxable years beginning on or after January 1, 2026.