New York S 7206: Conforms the New York state college choice tuition savings program to the federal qualified tuition program

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 Speaker Carl E. Heastie

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S07206 Summary:

BILL NOS07206 

&nbsp

SAME ASSAME AS A04131

&nbsp

SPONSORLANZA

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §695-b, Ed L

&nbsp

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.

Go to top S07206 Actions:

BILL NOS07206 

&nbsp

04/04/2025REFERRED TO HIGHER EDUCATION

01/07/2026REFERRED TO HIGHER EDUCATION

Go to topS07206 Committee&nbspVotes:

Go to topS07206 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS07206 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7206

 2025-2026 Regular Sessions

 IN SENATE

 April 4, 2025
 ___________

 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 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

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