Bill > S00977

This bill amends the education law to expand the circumstances under which families can make qualified withdrawals from tuition savings accounts. Specifically, the bill allows account owners to withdraw funds to pay for substance use disorder treatment for the designated beneficiary, including detoxification and rehabilitation services. To qualify as a "qualified withdrawal" for this purpose, the treatment must consist of at least fifteen hours and may include classroom instruction in areas approved by the education commissioner. This change provides families with more flexibility in using their tuition savings accounts to address critical healthcare needs, recognizing substance use disorder as a serious medical condition that may require intensive treatment. The amendment broadens the traditional use of education savings accounts beyond just educational expenses, offering families an additional financial resource to support their loved ones' health and recovery. The bill takes effect immediately upon enactment.

Education

https://www.nysenate.gov/legislation/bills/2025/S977