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NY A05156
Bill
Status
2/12/2015
Primary Sponsor
Michele Titus
Click for details
AI Summary
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Amends Social Services Law Section 131-n to exempt funds in qualified tuition programs (Section 529 plans under Internal Revenue Code) from resource calculations for public assistance benefits eligibility.
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Adds qualified tuition program funds to existing list of exempt resources, which already includes up to $1,400 in separate tuition savings accounts for post-secondary education.
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Applies exemption to all public assistance programs including family assistance and medical assistance programs.
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Takes effect immediately but expires concurrent with the expiration date of Section 131-n of the Social Services Law.
Legislative Description
Exempts certain funds in a qualified tuition program in the calculation of household benefits under public assistance programs.
Last Action
referred to social services
1/6/2016