Increases the contribution limit for family tuition accounts in New York.

This bill amends the tax law to increase the contribution limit for family tuition accounts in New York. Specifically, it raises the maximum contribution an individual can make to these accounts from five thousand dollars to ten thousand dollars, and for married couples filing jointly, from ten thousand dollars to twenty thousand dollars. This change aims to provide greater financial support for families saving for college tuition.

Increases the contribution limit for family tuition accounts in New York.

This bill amends the tax law to increase the contribution limit for family tuition accounts in New York. Specifically, it raises the maximum contribution an individual can make to these accounts from five thousand dollars to ten thousand dollars, and for married couples filing jointly, from ten thousand dollars to twenty thousand dollars. This change aims to provide greater financial support for families saving for college tuition.