Excludes certain student loan discharge or forgiveness amounts from state income tax
Summary
Enacts the "Tax-free debt forgiveness act"; excludes certain student loan forgiveness amounts authorized under 20 U.S.C. Sections 1098aa, 1098bb, 1098cc, 1098dd or 1098ee from state income tax.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2023
Committee Review
May 2023
Senate Passage
May 2023
Assembly Passage
Jun 2023
Signed into Law
Dec 2023
Introduced Jan 4, 2023
Signed Dec 22, 2023
Floor votes · Senate May 22, 2023 · Assembly Jun 9, 2023
How they voted
59–2
Passed · 2 other
Total votes 63
May 22, 2023
D
Democratic42
97% Yea
R
Republican21
85% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
3
Committee
3
Dec 22, 2023
Signed into law
SIGNED CHAP.750
upper
Jun 9, 2023
Lower · Passed
PASSED ASSEMBLY
lower
May 22, 2023
Committee
REFERRED TO WAYS AND MEANS
lower
May 22, 2023
Upper · Passed
PASSED SENATE
upper
Feb 14, 2023
Committee
REPORTED AND COMMITTED TO FINANCE
upper
Jan 4, 2023
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 21 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike Gianaris
DDemocratic/Working Families
Co
Brad Hoylman-Sigal
DDemocratic/Working Families
Co
Brian Kavanagh
DDemocratic
Co
Gustavo Rivera
DDemocratic/Working Families
Co
Jabari Brisport
DDemocratic/Working Families
Co
Jamaal Bailey
DDemocratic/Working Families
Co
Jeremy Cooney
DDemocratic/Working Families
Co
Jessica Ramos
DDemocratic/Working Families
Co
Joe Addabbo
DDemocratic
Co
Kevin Parker
DDemocratic/Working Families
Co
KT
Kevin Thomas
DDemocratic
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