Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 11, 2016 |
print number 223a |
Feb 11, 2016 |
amend and recommit to higher education |
Jan 06, 2016 |
referred to higher education |
Jan 07, 2015 |
referred to higher education |
Senate Bill S223A
2015-2016 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Higher Education Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
(R, C, IP) Senate District
2015-S223 - Details
- Current Committee:
- Senate Higher Education
- Law Section:
- Education Law
- Laws Affected:
- Add §355-d, Ed L; add §99-y, St Fin L; amd §612, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S4593
2017-2018: S4132
2015-S223 - Sponsor Memo
BILL NUMBER: S223 TITLE OF BILL : An act to amend the education law, in relation to the creation of the New York state tuition savings program; to amend the state finance law, in relation to establishing the New York state pre-pay tuition fund; and to amend the tax law, in relation to reducing distributions from the New York state pre-pay tuition savings program from adjusted gross income PURPOSE : To establish the New York State pre-pay tuitions savings program to allow families to pre-pay the cost of tuition at SUNY or CUNY. SUMMARY OF PROVISIONS : Section 1. Amends the education law to add a new section 355-d to create the New York State pre-pay tuition savings program. Section 2. Amends the state finance law to add a new section 99-w to establish the New York State pre-pay tuition fund within the custody of the State Comptroller in consultation with the SUNY and CUNY chancellors. Section 3. Amends paragraph 33 of subsection (c) of section 612 of the tax law, to authorize payments to be taxed at the time money is distributed into the fund and not upon withdrawal.
2015-S223 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 223 2015-2016 Regular Sessions I N S E N A T E (PREFILED) January 7, 2015 ___________ Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education AN ACT to amend the education law, in relation to the creation of the New York state tuition savings program; to amend the state finance law, in relation to establishing the New York state pre-pay tuition fund; and to amend the tax law, in relation to reducing distributions from the New York state pre-pay tuition savings program from adjusted gross income THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The education law is amended by adding a new section 355-d to read as follows: S 355-D. NEW YORK STATE PRE-PAY TUITION SAVINGS PROGRAM. 1. FOR PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: A. "PARTICIPANT" SHALL MEAN A NEW YORK STATE RESIDENT WHO ENROLLS AN ELIGIBLE CHILD AND MAKES PAYMENTS ON BEHALF OF SUCH ELIGIBLE CHILD, AND SHALL INCLUDE BUT NOT BE LIMITED TO SUCH ELIGIBLE CHILD'S PARENT OR GUARDIAN. B. "ELIGIBLE CHILD" SHALL MEAN A CHILD FIVE YEARS OF AGE OR OLDER, WHO IS ENROLLED IN THE NEW YORK STATE PRE-PAY TUITION PROGRAM BY A PARTIC- IPANT. C. "THE FUND" SHALL MEAN THE NEW YORK STATE PRE-PAY TUITION FUND ESTABLISHED BY SECTION NINETY-NINE-W OF THE STATE FINANCE LAW. D. "TOTAL COST OF EDUCATION" SHALL MEAN THE AVERAGE SYSTEM-WIDE YEARLY TOTAL COST OF A FOUR YEAR EDUCATION AT THE STATE UNIVERSITY OF NEW YORK INCLUDING TUITION, ROOM AND BOARD AND ALL APPLICABLE FEES. DURING EACH YEAR OF PARTICIPATION, THE TOTAL COST OF EDUCATION SHALL BE CALCULATED BASED UPON THE CURRENT YEAR'S COST UNTIL THE FINAL PAYMENT IS MADE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03157-02-5
co-Sponsors
(R, C, IP) Senate District
2015-S223A (ACTIVE) - Details
- Current Committee:
- Senate Higher Education
- Law Section:
- Education Law
- Laws Affected:
- Add §355-d, Ed L; add §99-y, St Fin L; amd §612, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S4593
2017-2018: S4132
2015-S223A (ACTIVE) - Sponsor Memo
BILL NUMBER: S223A TITLE OF BILL : An act to amend the education law, in relation to the creation of the New York state tuition savings program; to amend the state finance law, in relation to establishing the New York state pre-pay tuition fund; and to amend the tax law, in relation to reducing distributions from the New York state pre-pay tuition savings program from adjusted gross income PURPOSE : To establish the New York State pre-pay tuitions savings program to allow families to pre-pay the cost of tuition at SUNY or CUNY. SUMMARY OF PROVISIONS : Section 1. Amends the education law to add a new section 355-d to create the New York State pre-pay tuition savings program. Section 2. Amends the state finance law to add a new section 99-y to establish the New York State pre-pay tuition fund within the custody of the State Comptroller in consultation with the SUNY and CUNY chancellors.
2015-S223A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 223--A 2015-2016 Regular Sessions I N S E N A T E (PREFILED) January 7, 2015 ___________ Introduced by Sens. LAVALLE, FUNKE -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education -- recommitted to the Committee on Higher Education in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the education law, in relation to the creation of the New York state tuition savings program; to amend the state finance law, in relation to establishing the New York state pre-pay tuition fund; and to amend the tax law, in relation to reducing distributions from the New York state pre-pay tuition savings program from adjusted gross income THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The education law is amended by adding a new section 355-d to read as follows: S 355-D. NEW YORK STATE PRE-PAY TUITION SAVINGS PROGRAM. 1. FOR PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: A. "PARTICIPANT" SHALL MEAN A NEW YORK STATE RESIDENT WHO ENROLLS AN ELIGIBLE CHILD AND MAKES PAYMENTS ON BEHALF OF SUCH ELIGIBLE CHILD, AND SHALL INCLUDE BUT NOT BE LIMITED TO SUCH ELIGIBLE CHILD'S PARENT OR GUARDIAN. B. "ELIGIBLE CHILD" SHALL MEAN A CHILD FIVE YEARS OF AGE OR OLDER, WHO IS ENROLLED IN THE NEW YORK STATE PRE-PAY TUITION PROGRAM BY A PARTIC- IPANT. C. "THE FUND" SHALL MEAN THE NEW YORK STATE PRE-PAY TUITION FUND ESTABLISHED BY SECTION NINETY-NINE-Y OF THE STATE FINANCE LAW. D. "TOTAL COST OF EDUCATION" SHALL MEAN THE AVERAGE SYSTEM-WIDE YEARLY TOTAL COST OF A FOUR YEAR EDUCATION AT THE STATE UNIVERSITY OF NEW YORK INCLUDING TUITION, ROOM AND BOARD AND ALL APPLICABLE FEES. DURING EACH EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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