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NY A04892

Bill

Official Source

Status

Introduced

2/6/2017

Primary Sponsor

Linda Rosenthal

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Exempts Individual Retirement Accounts (IRAs) and Roth IRAs from being counted as resources when calculating household benefits under public assistance programs in New York.

  • Amends subdivision 1 of section 131-n of the social services law to add IRAs and Roth IRAs to the existing list of exempt resources.

  • Takes effect immediately upon passage, but expires upon the same date as section 131-n itself.

Legislative Description

Exempts IRAs and Roth IRAs in the calculation of household benefits under public assistance programs.

Last Action

referred to social services

1/3/2018

Committee Referrals

Social Services2/6/2017

Full Bill Text

No bill text available