States / New York / S 231

S 231 In Committee

Exempts from state income taxation the first $250,000 earned by four-year college graduates or the first $150,000 earned by two-year graduates

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Enacts the graduate outreach assistance law to exempt from state income taxation the first two hundred fifty thousand dollars, with a fifty thousand dollar cap per year, earned by a four-year college graduate and the first one hundred fifty thousand dollars, with a twenty-five thousand dollar cap per year, earned by a two-year college graduate.

Chamber
Senate
Introduced
Jan 8, 2025
Last action
Jan 7, 2026 — REFERRED TO BUDGET AND REVENUE
Session
2025-2026
Momentum
27 · Low