Provides a deduction in determining personal income tax for the cost of textbooks at a New York private or public college or university by a taxpayer or such taxpayer's eligible dependent; defines "eligible dependent" and "qualified education expenses".

New York Assembly Bill A06079 proposes allowing taxpayers to deduct the cost of textbooks purchased for themselves or their eligible dependents attending public or private colleges and universities in New York from their state personal income tax. 'Eligible dependent' refers to individuals for whom the taxpayer can claim a federal exemption, and 'qualified education expenses' include textbook costs incurred at these institutions. The bill aims to alleviate the financial burden of higher education by reducing taxable income through these deductions.

Supporters of the bill argue that it provides much-needed financial relief to families and students facing the high costs of higher education. By allowing deductions for textbook expenses, the legislation is seen as a step toward making college more affordable and accessible, potentially encouraging higher enrollment and completion rates in New York's colleges and universities.

Critics express concerns about the potential reduction in state tax revenues resulting from the proposed deductions. They argue that the bill could disproportionately benefit higher-income families who itemize deductions, while offering limited relief to lower-income students who may not have significant taxable income. Additionally, some suggest that the bill does not address the root causes of rising textbook prices and may not provide substantial relief to those most in need.