Loading chat...
NY A07652
Bill
Status
Passed
7/26/2022
Primary Sponsor
Aileen Gunther
Click for details
AI Summary
- Amends the definition of "designated beneficiary" under the ABLE program in New York's Mental Hygiene Law
- Removes the residency requirement that limited designated beneficiaries to New York residents or residents of states without their own qualified ABLE program that have contracted with New York
- Allows any "eligible individual" as defined under Internal Revenue Code Section 529A to be a designated beneficiary, regardless of state residency
- Takes effect immediately upon enactment
Legislative Description
Relates to the residency requirement for designated beneficiaries of the ABLE program and the definition of designated beneficiary.
Last Action
signed chap.478
7/26/2022
Committee Referrals
Rules5/24/2022
Rules5/23/2022
Ways and Means1/5/2022
Rules6/9/2021
Ways and Means5/25/2021
Mental Health5/19/2021
Full Bill Text
No bill text available