NY A00245

Increases resource exemption limits for public assistance applicants from $2,000 to $3,000 ($3,000 to $4,500 for households with members age 60 or older).

Raises the vehicle purchase savings account exemption from $4,650 to $7,050 for individuals seeking employment.

Expands tuition savings account exemption to equal the greater of $5,165 or the maximum tuition assistance program award available for the current academic year.

Adds new exemptions for retirement accounts (IRAs, 401(k)s, 403(b)s, keogh plans) and 529 college savings plans.

Removes the six-month time limit on exemption for real property being sold in good faith and eliminates the expiration date (August 22, 2017) for these resource exemption provisions.