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NY A04371
Bill
Status
2/2/2017
Primary Sponsor
Michele Titus
Click for details
AI Summary
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Adds funds in qualified tuition programs under Internal Revenue Code Section 529 to the list of exempt resources when calculating public assistance benefits.
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Exempts Section 529 qualified tuition program funds from resource calculations for family assistance, medical assistance, and other public assistance programs.
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Amends Social Services Law Section 131-n to include the new exemption alongside existing exemptions for education savings accounts, vehicles, burial plots, and other resources.
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Takes effect immediately but expires when the underlying Social Services Law Section 131-n expires.
Legislative Description
Exempts certain funds in a qualified tuition program in the calculation of household benefits under public assistance programs.
Last Action
advanced to third reading cal.832
5/3/2018