Education

Establishes the rural teacher education loan repayment program in the education department which provides payment for the undergraduate and graduate education loans of teachers in rural school districts who agree to teach in rural areas for at least 5 years.

S 7906 modifies New York's college tuition tax credit by introducing a sliding scale based on income. It eliminates the credit entirely for married couples filing jointly with New York adjusted gross income over $15 million, and reduces it to 25% for those earning $7.5-$15 million. For single filers and heads of household, the credit phases out entirely above $10 million, with reductions at $1-$5 million and $5-$10 million income brackets. This change directly affects high-income New York taxpayers who claim the tuition credit, making it less accessible as their income increases.