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NY A01259
Bill
Status
Introduced
1/14/2019
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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Amends Social Services Law Section 131-n to exempt Individual Retirement Accounts (IRAs) and Roth IRAs from resource calculations when determining public assistance program benefits.
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Adds IRAs and Roth IRAs to the list of exempt resources, which already includes cash up to $2,000-$3,000, vehicles up to $12,000, and the primary residence.
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Takes effect immediately but expires on the same date as Section 131-n of the Social Services Law.
Legislative Description
Exempts IRAs and Roth IRAs in the calculation of household benefits under public assistance programs.
Last Action
referred to social services
1/8/2020
Committee Referrals
Social Services1/14/2019
Full Bill Text
No bill text available