Senate Bill S223A

2015-2016 Legislative Session

Creates the New York state tuition savings program and the New York state pre-pay tuition fund and reduces distributions from the New York state pre-pay tuition savings program from adjusted gross income

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

co-Sponsors

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 - Summary

Creates the New York state pre-pay tuition savings program and the New York state pre-pay tuition fund and reduces distributions from the New York state pre-pay tuition savings program from adjusted gross income.

2015-S223 - Sponsor Memo

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

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) - Summary

Creates the New York state pre-pay tuition savings program and the New York state pre-pay tuition fund and reduces distributions from the New York state pre-pay tuition savings program from adjusted gross income.

2015-S223A (ACTIVE) - Sponsor Memo

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.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.