Bill Text: NY A10228 | 2017-2018 | 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 (Democrat 2-0)

Status: (Introduced - Dead) 2018-03-26 - referred to higher education [A10228 Detail]

Download: New_York-2017-A10228-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          10228
                   IN ASSEMBLY
                                     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:
     1    Section 1. Subdivision 5 of section 695-b of  the  education  law,  as
     2  amended  by  chapter  535  of  the  laws  of 2000, is amended to read as
     3  follows:
     4    5. "Eligible educational institution" shall mean [any  institution  of
     5  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.
     8    § 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