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2016 New York Laws
EDN - Education
Title 1 - GENERAL PROVISIONS
Article 14 - NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION
Part 1 - (651 - 660) CORPORATE STRUCTURE
656 - Contributions to corporation; tax deduction thereof.

NY Educ L § 656 (2016) What's This?
 656. Contributions    to   corporation;   tax   deduction   thereof.
  Notwithstanding the  provisions  of  any  general  or  special  law  all
  domestic  corporations  or  associations  organized  for  the purpose of
  carrying  on  business  in  this  state,  and  any  person,  are  hereby
  authorized  to make contributions to the New York state higher education
  services corporation or to the New York higher  education  loan  program
  variable  rate  default reserve fund, the New York higher education loan
  program fixed rate default reserve  fund,  or  the  state  of  New  York
  mortgage  agency  higher education loan program default reserve fund, as
  applicable and such contributions shall  be  allowed  as  deductions  in
  computing  the  net  taxable  income  of any such person, corporation or
  association for purposes of any income or franchise tax imposed  by  the
  state or any political subdivision thereof.

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