Loading chat...

NY A01546

Bill

Official Source

Status

Introduced

1/11/2021

Primary Sponsor

Linda Rosenthal

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends Social Services Law Section 131-n to exempt Individual Retirement Accounts (IRAs) and Roth IRAs from resource calculations for public assistance programs
  • Adds IRAs and Roth IRAs to the list of exempt resources alongside existing exemptions for primary residences, vehicles, burial plots, and qualified education savings accounts
  • Exemption applies to all public assistance programs covered under the social services law
  • Takes effect immediately upon enactment

Legislative Description

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

Last Action

referred to social services

1/5/2022

Committee Referrals

Social Services1/11/2021

Full Bill Text

No bill text available