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S 1821 New York Senate · 2025 Regular Session

Establishes a personal income tax deduction for the interest paid on student loans by certain taxpayers

Summary
Establishes a personal income tax deduction for the interest paid on student loans by individual taxpayers having a federal adjusted income of between $65,000 and $125,000, and married taxpayers filing jointly having a federal adjusted income of between $130,000 and $250,000.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for student loan interest, providing relief to middle-income taxpayers ($65k-$125k individual, $130k-$250k married), aligning with tax relief for middle/lower income.95% confidence ✓ EducationSupports EducationProvides tax relief for student loan borrowers, enhancing higher education affordability and access for middle-income earners.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2025 Last action Jan 7, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO BUDGET AND REVENUE
upper
Jan 14, 2025
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
NF
Nathalia Fernández
DDemocratic
NY
34