senate Bill S4472D

Signed By Governor
2015-2016 Legislative Session

Establishes the New York achieving a better life experience (NY ABLE) savings account act

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Archive: Last Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (21)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 22, 2015 approval memo.30
signed chap.576
Dec 18, 2015 delivered to governor
Jun 18, 2015 returned to senate
passed assembly
ordered to third reading rules cal.679
substituted for a7767b
referred to ways and means
delivered to assembly
passed senate
Jun 11, 2015 amended on third reading (t) 4472d
Jun 10, 2015 ordered to third reading cal.1461
committee discharged and committed to rules
Jun 09, 2015 print number 4472c
Jun 09, 2015 amend and recommit to finance
Jun 08, 2015 print number 4472b
Jun 08, 2015 amend (t) and recommit to finance
May 13, 2015 reported and committed to finance
May 04, 2015 print number 4472a
May 04, 2015 amend (t) and recommit to banks
Mar 23, 2015 referred to banks

Co-Sponsors

view additional co-sponsors

S4472 - Details

See Assembly Version of this Bill:
A7767
Law Section:
Mental Hygiene Law
Laws Affected:
Add Art 84 §§84.01 - 84.11, Ment Hyg L; amd §612, Tax L; amd §366, Soc Serv L; add §99-x, St Fin L

S4472 - Summary

Establishes the New York achieving a better life experience (NY ABLE) savings account act to support individuals with disabilities to maintain health, independence and quality of life.

S4472 - Sponsor Memo

S4472 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4472

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 23, 2015
                               ___________

Introduced  by Sens. CARLUCCI, ADDABBO, ROBACH -- read twice and ordered
  printed, and when printed to be committed to the Committee on Banks

AN ACT to amend the banking law and the tax law, in relation  to  estab-
  lishing the NY ABLE act

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and may be cited as the  "New  York
achieving a better life experience (NY ABLE) savings account act".
  S  2.  Legislative  intent.  The  legislative intent of this act is to
encourage and assist individuals and families in  saving  private  funds
for  the purpose of supporting individuals with disabilities to maintain
health, independence and quality of life; and to provide secure  funding
for  disability  related  expenses on behalf of designated beneficiaries
with disabilities that  will  supplement,  but  not  supplant,  benefits
provided through existing sources.
  S 3. The banking law is amended by adding a new article 2-D to read as
follows:
                               ARTICLE 2-D
     NEW YORK ACHIEVING A BETTER LIFE EXPERIENCE SAVINGS ACCOUNT ACT
SECTION 90.   SHORT TITLE.
        90-A. DEFINITIONS.
        90-B. ESTABLISHMENT OF PLAN.
        90-C. NY ABLE ACCOUNT ADVISORY COMMITTEE.
        90-D. PROGRAM REQUIREMENTS.
        90-E. DISTRIBUTION REQUIREMENTS.
        90-F. POWERS OF THE COMPTROLLER.
  S 90. SHORT TITLE.
  THIS  ARTICLE SHALL BE KNOWN AND MAY BE CITED AS THE "NEW YORK ACHIEV-
ING A BETTER LIFE EXPERIENCE (NY ABLE) SAVINGS ACCOUNT ACT".
  S 90-A. DEFINITIONS.
  AS USED IN THIS ARTICLE:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10067-01-5

Co-Sponsors

view additional co-sponsors

S4472A - Details

See Assembly Version of this Bill:
A7767
Law Section:
Mental Hygiene Law
Laws Affected:
Add Art 84 §§84.01 - 84.11, Ment Hyg L; amd §612, Tax L; amd §366, Soc Serv L; add §99-x, St Fin L

S4472A - Summary

Establishes the New York achieving a better life experience (NY ABLE) savings account act to support individuals with disabilities to maintain health, independence and quality of life.

S4472A - Sponsor Memo

S4472A - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4472--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 23, 2015
                               ___________

Introduced  by  Sens.  CARLUCCI, ADDABBO, AMEDORE, AVELLA, BOYLE, CROCI,
  DIAZ, DILAN, ESPAILLAT, FARLEY, FELDER, FUNKE, GALLIVAN, GOLDEN, GRIF-
  FO, HAMILTON,  HOYLMAN,  KLEIN,  LANZA,  LARKIN,  LATIMER,  MARCHIONE,
  MARTINS, MONTGOMERY, NOZZOLIO, O'MARA, ORTT, PANEPINTO, PARKER, PERAL-
  TA,  RANZENHOFER,  RITCHIE,  RIVERA, ROBACH, SANDERS, SAVINO, SERRANO,
  VALESKY -- read twice and ordered printed,  and  when  printed  to  be
  committed  to  the  Committee  on  Banks -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT  to  amend the banking law, the social services law, the tax law
  and the civil practice law and rules, in relation to establishing  the
  NY ABLE act

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and may be cited as the  "New  York
achieving a better life experience (NY ABLE) savings account act".
  S  2.  Legislative  intent.  The  legislative intent of this act is to
encourage and assist individuals and families in  saving  private  funds
for  the purpose of supporting individuals with disabilities to maintain
health, independence and quality of life; and to provide secure  funding
for  disability  related  expenses on behalf of designated beneficiaries
with disabilities that  will  supplement,  but  not  supplant,  benefits
provided  through  existing sources, including but not limited to means-
tested federal programs of assistance.
  S 3. The banking law is amended by adding a new article 2-D to read as
follows:
                               ARTICLE 2-D
     NEW YORK ACHIEVING A BETTER LIFE EXPERIENCE SAVINGS ACCOUNT ACT
SECTION 90.   SHORT TITLE.
        90-A. DEFINITIONS.
        90-B. ESTABLISHMENT OF PLAN.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10067-02-5

Co-Sponsors

view additional co-sponsors

S4472B - Details

See Assembly Version of this Bill:
A7767
Law Section:
Mental Hygiene Law
Laws Affected:
Add Art 84 §§84.01 - 84.11, Ment Hyg L; amd §612, Tax L; amd §366, Soc Serv L; add §99-x, St Fin L

S4472B - Summary

Establishes the New York achieving a better life experience (NY ABLE) savings account act to support individuals with disabilities to maintain health, independence and quality of life.

S4472B - Sponsor Memo

S4472B - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4472--B

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 23, 2015
                               ___________

Introduced  by  Sens.  CARLUCCI, ADDABBO, AMEDORE, AVELLA, BOYLE, CROCI,
  DIAZ, DILAN, ESPAILLAT, FARLEY, FELDER, FUNKE, GALLIVAN, GOLDEN, GRIF-
  FO,  HAMILTON,  HOYLMAN,  KLEIN,  KRUEGER,  LANZA,  LARKIN,   LATIMER,
  MARCHIONE, MARTINS, MONTGOMERY, MURPHY, NOZZOLIO, O'MARA, ORTT, PANEP-
  INTO,  PARKER, PERALTA, RANZENHOFER, RITCHIE, RIVERA, ROBACH, SANDERS,
  SAVINO, SERRANO, SQUADRON, VALESKY -- read twice and ordered  printed,
  and  when printed to be committed to the Committee on Banks -- commit-
  tee discharged, bill amended, ordered reprinted as amended and  recom-
  mitted to said committee -- reported favorably from said committee and
  committed  to  the  Committee on Finance -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT  to  amend  the  mental  hygiene law, the tax law and the social
  services law, in relation to establishing the NY ABLE act

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  This act shall be known and may be cited as the "New York
achieving a better life experience (NY ABLE) act".
  S 2. Legislative intent. The legislative intent  of  this  act  is  to
encourage  and  assist  individuals and families in saving private funds
for the purpose of supporting individuals with  developmental  disabili-
ties  to  maintain  health,  independence  and  quality  of life; and to
provide secure funding for disability  related  expenses  on  behalf  of
designated beneficiaries with intellectual or developmental disabilities
that will supplement, but not supplant, benefits provided through exist-
ing sources.
  S  3.  The mental hygiene law is amended by adding a new article 84 to
read as follows:
                               ARTICLE 84
     NEW YORK ACHIEVING A BETTER LIFE EXPERIENCE SAVINGS ACCOUNT ACT
SECTION 84.01 SHORT TITLE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10067-06-5

Co-Sponsors

view additional co-sponsors

S4472C - Details

See Assembly Version of this Bill:
A7767
Law Section:
Mental Hygiene Law
Laws Affected:
Add Art 84 §§84.01 - 84.11, Ment Hyg L; amd §612, Tax L; amd §366, Soc Serv L; add §99-x, St Fin L

S4472C - Summary

Establishes the New York achieving a better life experience (NY ABLE) savings account act to support individuals with disabilities to maintain health, independence and quality of life.

S4472C - Sponsor Memo

S4472C - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4472--C

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 23, 2015
                               ___________

Introduced  by  Sens.  CARLUCCI, ADDABBO, AMEDORE, AVELLA, BOYLE, CROCI,
  DIAZ, DILAN, ESPAILLAT, FARLEY, FELDER, FUNKE, GALLIVAN, GOLDEN, GRIF-
  FO,  HAMILTON,  HOYLMAN,  KLEIN,  KRUEGER,  LANZA,  LARKIN,   LATIMER,
  MARCHIONE, MARTINS, MONTGOMERY, MURPHY, NOZZOLIO, O'MARA, ORTT, PANEP-
  INTO,  PARKER, PERALTA, RANZENHOFER, RITCHIE, RIVERA, ROBACH, SANDERS,
  SAVINO, SERRANO, SQUADRON, VALESKY -- read twice and ordered  printed,
  and  when printed to be committed to the Committee on Banks -- commit-
  tee discharged, bill amended, ordered reprinted as amended and  recom-
  mitted to said committee -- reported favorably from said committee and
  committed  to  the  Committee on Finance -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee  --  committee  discharged,  bill  amended,  ordered  reprinted as
  amended and recommitted to said committee

AN ACT to amend the mental hygiene law,  the  tax  law  and  the  social
  services law, in relation to establishing the NY ABLE act

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and may be cited as the  "New  York
achieving a better life experience (NY ABLE) act".
  S  2.  Legislative  intent.  The  legislative intent of this act is to
encourage and assist individuals and families in  saving  private  funds
for  the  purpose of supporting individuals with developmental disabili-
ties to maintain health,  independence  and  quality  of  life;  and  to
provide  secure  funding  for  disability  related expenses on behalf of
designated beneficiaries with intellectual or developmental disabilities
that will supplement, but not supplant, benefits provided through exist-
ing sources.
  S 3. The mental hygiene law is amended by adding a new article  84  to
read as follows:
                               ARTICLE 84
     NEW YORK ACHIEVING A BETTER LIFE EXPERIENCE SAVINGS ACCOUNT ACT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10067-07-5

Co-Sponsors

view additional co-sponsors

S4472D (ACTIVE) - Details

See Assembly Version of this Bill:
A7767
Law Section:
Mental Hygiene Law
Laws Affected:
Add Art 84 §§84.01 - 84.11, Ment Hyg L; amd §612, Tax L; amd §366, Soc Serv L; add §99-x, St Fin L

S4472D (ACTIVE) - Summary

Establishes the New York achieving a better life experience (NY ABLE) savings account act to support individuals with disabilities to maintain health, independence and quality of life.

S4472D (ACTIVE) - Sponsor Memo

S4472D (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4472--D
    Cal. No. 1461

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 23, 2015
                               ___________

Introduced  by  Sens.  CARLUCCI, ADDABBO, AMEDORE, AVELLA, BOYLE, CROCI,
  DIAZ, DILAN, ESPAILLAT, FARLEY, FELDER, FUNKE, GALLIVAN, GOLDEN, GRIF-
  FO,  HAMILTON,  HOYLMAN,  KLEIN,  KRUEGER,  LANZA,  LARKIN,   LATIMER,
  MARCHIONE, MARTINS, MONTGOMERY, MURPHY, NOZZOLIO, O'MARA, ORTT, PANEP-
  INTO,  PARKER, PERALTA, RANZENHOFER, RITCHIE, RIVERA, ROBACH, SANDERS,
  SAVINO, SERRANO, SQUADRON, VALESKY -- read twice and ordered  printed,
  and  when printed to be committed to the Committee on Banks -- commit-
  tee discharged, bill amended, ordered reprinted as amended and  recom-
  mitted to said committee -- reported favorably from said committee and
  committed  to  the  Committee on Finance -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee  --  committee  discharged,  bill  amended,  ordered  reprinted as
  amended and recommitted to said committee -- committee discharged  and
  said  bill  committed  to the Committee on Rules -- ordered to a third
  reading, amended and ordered reprinted, retaining  its  place  in  the
  order of third reading

AN ACT to amend the mental hygiene law, the tax law, the social services
  law and the state finance law, in relation to establishing the NY ABLE
  act

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and may be cited as the  "New  York
achieving a better life experience (NY ABLE) act".
  S  2.  Legislative  intent.  The  legislative intent of this act is to
encourage and assist individuals and families in  saving  private  funds
for  the  purpose of supporting individuals with developmental disabili-
ties to maintain health,  independence  and  quality  of  life;  and  to
provide  secure  funding  for  disability  related expenses on behalf of
designated beneficiaries with intellectual or developmental disabilities
that will supplement, but not supplant, benefits provided through exist-
ing sources.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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