New York S07906 amends the college tuition credit, eliminating it for taxpayers with an adjusted gross income over $15,000,000 and setting a sliding.

New York S07906 amends the college tuition credit by eliminating it for taxpayers with an adjusted gross income over $15,000,000. For those with lower incomes, the credit is reduced in a sliding scale manner. For unmarried individuals, heads of households, or married individuals filing separately, the credit is 100% if income is not over $1,000,000, 50% if over $1,000,000 but not over $5,000,000, 25% if over $5,000,000 but not over $10,000,000, and 0% if over $10,000,000.

New York S07906 amends the college tuition credit, eliminating it for taxpayers with an adjusted gross income over $15,000,000 and setting a sliding.

New York S07906 amends the college tuition credit by eliminating it for taxpayers with an adjusted gross income over $15,000,000. For those with lower incomes, the credit is reduced in a sliding scale manner. For unmarried individuals, heads of households, or married individuals filing separately, the credit is 100% if income is not over $1,000,000, 50% if over $1,000,000 but not over $5,000,000, 25% if over $5,000,000 but not over $10,000,000, and 0% if over $10,000,000.