Bill Text: NY A09203 | 2023-2024 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-02-16 - referred to higher education [A09203 Detail]

Download: New_York-2023-A09203-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9203

                   IN ASSEMBLY

                                    February 16, 2024
                                       ___________

        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:

     1    Section 1. Subdivision 5 of section 695-b of  the  education  law,  as
     2  amended  by  section  1  of part H of chapter 56 of the laws of 2022, is
     3  amended to read as follows:
     4    5. "Eligible educational institution" shall mean (a) [any  institution
     5  of  higher  education defined as] an eligible educational institution as
     6  defined in section 529(e)(5) of the Internal Revenue Code  of  1986,  as
     7  amended,   or  (b)  any  apprenticeship  program  described  in  section
     8  529(c)(8) of the Internal Revenue Code of 1986, as amended.
     9    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09769-01-3