Bill Text: NY S06097 | 2021-2022 | 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 - Dead) 2022-01-05 - REFERRED TO HIGHER EDUCATION [S06097 Detail]

Download: New_York-2021-S06097-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6097

                               2021-2022 Regular Sessions

                    IN SENATE

                                      April 8, 2021
                                       ___________

        Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
          printed to be committed 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.
                                                                   LBD06516-01-1