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Assembly Bill A10228

2017-2018 Legislative Session

Conforms the New York state college choice tuition savings program to the federal qualified tuition program

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Archive: Last Bill Status - In Assembly Committee

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2017-A10228 (ACTIVE) - Details

See Senate Version of this Bill:
S7782
Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd §695-b, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: A6700, S3174
2021-2022: S6097
2023-2024: S6000
2025-2026: S7206

2017-A10228 (ACTIVE) - Summary

Conforms the New York state college choice tuition savings program to the federal qualified tuition program so as to include savings for grades kindergarten through 12.

2017-A10228 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10228
 
                           I N  A S S E M B L Y
 
                              March 26, 2018
                                ___________
 
 Introduced by M. of A. CUSICK -- read once and referred to the Committee
   on Higher Education
 
 AN  ACT  to  amend  the education law, in relation to conforming the New
   York state college choice  tuition  savings  program  to  federal  law
   relating to qualified tuition programs
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 5 of section 695-b of  the  education  law,  as
 amended  by  chapter  535  of  the  laws  of 2000, is amended to read as
 follows:
   5. "Eligible educational institution" shall mean [any  institution  of
 higher  education  defined  as]  an  eligible educational institution AS
 DEFINED in section 529(e)(5) of the Internal Revenue Code  of  1986,  as
 amended.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14603-01-8

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