New York bill A04131 amends the state's college choice tuition savings program to align with federal qualified tuition programs, expanding.

New York bill A04131 amends the education law to conform the state's college choice tuition savings program to federal qualified tuition programs. This change allows for savings to be made for educational expenses from kindergarten through grade 12, not just for higher education. The bill specifies that "eligible educational institution" now includes those defined in section 529(e)(5) of the Internal Revenue Code of 1986, as amended, or any apprenticeship program described in section 529(c)(8) of the Internal Revenue Code of 1986, as amended. The act takes effect immediately upon enactment.

New York bill A04131 amends the state's college choice tuition savings program to align with federal qualified tuition programs, expanding.

New York bill A04131 amends the education law to conform the state's college choice tuition savings program to federal qualified tuition programs. This change allows for savings to be made for educational expenses from kindergarten through grade 12, not just for higher education. The bill specifies that "eligible educational institution" now includes those defined in section 529(e)(5) of the Internal Revenue Code of 1986, as amended, or any apprenticeship program described in section 529(c)(8) of the Internal Revenue Code of 1986, as amended. The act takes effect immediately upon enactment.