S T A T E O F N E W Y O R K
________________________________________________________________________
4131
2025-2026 Regular Sessions
I N A S S E M B L Y
January 31, 2025
___________
Introduced by M. of A. REILLY -- 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 section 1 of part H of chapter 56 of the laws of 2022, is
amended to read as follows:
5. "Eligible educational institution" shall mean (a) [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, or (b) any apprenticeship program described in section
529(c)(8) 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.
LBD03651-01-5