New York 2025-2026 Regular Session

New York Assembly Bill A04131 Latest Draft

Bill / Introduced Version Filed 01/31/2025

   
  STATE OF NEW YORK ________________________________________________________________________ 4131 2025-2026 Regular Sessions  IN ASSEMBLY January 31, 2025 ___________ 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. LBD03651-01-5