senate Bill S9335

Signed By Governor
2021-2022 Legislative Session

Relates to the residency requirement for designated beneficiaries of the ABLE program

download bill text pdf

Sponsored By

Current Bill Status Via A7652 - 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 (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 26, 2022 signed chap.478
delivered to governor
May 24, 2022 returned to assembly
passed senate
3rd reading cal.1477
substituted for s9335
May 24, 2022 substituted by a7652
May 23, 2022 ordered to third reading cal.1477
committee discharged and committed to rules
May 17, 2022 referred to disabilities

S9335 (ACTIVE) - Details

See Assembly Version of this Bill:
A7652
Law Section:
Mental Hygiene Law
Laws Affected:
Amd §84.03, Ment Hyg L

S9335 (ACTIVE) - Summary

Relates to the residency requirement for designated beneficiaries of the ABLE program and the definition of designated beneficiary.

S9335 (ACTIVE) - Sponsor Memo

S9335 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9335
 
                             I N  S E N A T E
 
                               May 17, 2022
                                ___________
 
 Introduced  by  Sen.  BROUK  -- (at request of the State Comptroller) --
   read twice and ordered printed, and when printed to  be  committed  to
   the Committee on Disabilities
 
 AN  ACT  to  amend  the mental hygiene law, in relation to the residency
   requirement for designated beneficiaries of the ABLE program
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 4 of section 84.03 of the mental hygiene law,
 as added by chapter 576 of the laws of  2015,  is  amended  to  read  as
 follows:
   4.  "Designated beneficiary" shall mean, with respect to an account or
 accounts, any individual who is  an  "eligible  individual"  as  defined
 under  paragraph  (1)  of subsection (e) of section 529A of the Internal
 Revenue Code of 1986, as amended, or any regulations promulgated  there-
 under  and  whose  qualified  expenses  are expected to be paid from the
 account or accounts. [A designated beneficiary shall be  a  resident  of
 New York state or a resident of a state that: (a) does not have a quali-
 fied ABLE program recognized under section 529-A of the Internal Revenue
 Code  of  1986, as amended; and (b) has entered into a contract with New
 York state to provide residents of the contracting state with access  to
 New York state's ABLE program.]
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10545-01-1


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