Bill Text: NY A06700 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 6700 (Prior Session Legislation)

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: Slight Partisan Bill (Democrat 3-1)

Status: (Introduced - Dead) 2020-01-08 - referred to higher education [A06700 Detail]

Download: New_York-2019-A06700-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          6700
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                     March 15, 2019
                                       ___________
        Introduced  by  M. of A. CUSICK, WEPRIN, WALSH -- 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.
                                                                   LBD09192-01-9