Bill Text: NY A02061 | 2025-2026 | General Assembly | Introduced
Bill Title: Relates to eliminating asset limits in calculating the amount of benefits for any household under any public assistance program.
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Introduced) 2025-01-15 - referred to social services [A02061 Detail]
Download: New_York-2025-A02061-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 2061 2025-2026 Regular Sessions IN ASSEMBLY January 15, 2025 ___________ Introduced by M. of A. GONZALEZ-ROJAS, BURDICK, FORREST, KIM, SIMONE, RAGA, FALL, SIMON -- read once and referred to the Committee on Social Services AN ACT to amend the social services law, in relation to eliminating asset limits in calculating the amount of benefits for any household under any public assistance program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 131-n of the social services law, 2 as amended by section 5 of part U of chapter 56 of the laws of 2022, is 3 amended to read as follows: 4 1. [The following resources] All assets held by the household shall 5 be exempt and disregarded in calculating the amount of benefits of any 6 household under any public assistance program[: (a) cash and liquid or7nonliquid resources up to two thousand five hundred dollars for appli-8cants, three thousand seven hundred fifty dollars for applicants in9households in which any member is sixty years of age or older or is10disabled or ten thousand dollars for recipients, (b) an amount up to11four thousand six hundred fifty dollars in a separate bank account12established by an individual while currently in receipt of assistance13for the sole purpose of enabling the individual to purchase a first or14replacement vehicle for the recipient to seek, obtain or maintain15employment, so long as the funds are not used for any other purpose, (c)16an amount up to one thousand four hundred dollars in a separate bank17account established by an individual while currently in receipt of18assistance for the purpose of paying tuition at a two-year or four-year19accredited post-secondary educational institution, so long as the funds20are not used for any other purpose, (d) the home which is the usual21residence of the household, (e) one automobile, up to ten thousand22dollars fair market value, through March thirty-first, two thousand23seventeen; one automobile, up to eleven thousand dollars fair marketEXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03331-01-5A. 2061 2 1value, from April first, two thousand seventeen through March thirty-2first, two thousand eighteen; and one automobile, up to twelve thousand3dollars fair market value, beginning April first, two thousand eighteen4and thereafter, or such other higher dollar value as the local social5services district may elect to adopt, (f) one burial plot per household6member as defined in department regulations, (g) bona fide funeral7agreements up to a total of one thousand five hundred dollars in equity8value per household member, (h) funds in an individual development9account established in accordance with subdivision five of section three10hundred fifty-eight of this chapter and section four hundred three of11the social security act, (i) for a period of six months, real property12which the household is making a good faith effort to sell, in accordance13with department regulations and tangible personal property necessary for14business or for employment purposes in accordance with department regu-15lations, and (j) funds in a qualified tuition program that satisfies the16requirement of section 529 of the Internal Revenue Code of 1986, as17amended, and (k) funds in a New York achieving a better life experience18savings account established in accordance with article eighty-four of19the mental hygiene law]. 20 If federal law or regulations require the exemption or disregard of 21 additional income and resources in determining need for family assist- 22 ance, or medical assistance not exempted or disregarded pursuant to any 23 other provision of this chapter, the department may, by regulations 24 subject to the approval of the director of the budget, require social 25 services officials to exempt or disregard such income and resources. 26 Refunds resulting from earned income tax credits shall be disregarded in 27 public assistance programs. 28 § 2. This act shall take effect immediately; provided, however, that 29 the amendments to section 131-n of the social services law made by 30 section one of this act shall not affect the expiration of such section 31 and shall be deemed to expire therewith.