Bill > S00269

This bill amends the tax law to increase the maximum annual contribution that a resident taxpayer can make to family tuition accounts established under the New York State College Choice Tuition Savings Program. Specifically, the bill increases the contribution limit from $5,000 to $10,000 for individual or head of household filers, and from $10,000 to $20,000 for married couples filing jointly. The bill aims to provide greater financial support for residents saving for their children's or grandchildren's college education through the state's college tuition savings program.