Bill Text: NY S06000 | 2023-2024 | General Assembly | Introduced
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) 2024-01-03 - REFERRED TO HIGHER EDUCATION [S06000 Detail]
Download: New_York-2023-S06000-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 6000 2023-2024 Regular Sessions IN SENATE March 27, 2023 ___________ 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 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 institution5of 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
