Bill > A04131

This bill amends the New York state education law to expand the definition of "eligible educational institution" for the state's college choice tuition savings program (commonly known as a 529 plan) to align with federal tax code provisions. Specifically, the bill modifies the existing definition to reference Section 529(e)(5) of the Internal Revenue Code, which allows 529 savings plans to be used not just for higher education, but also for kindergarten through 12th-grade education expenses. The bill also explicitly includes apprenticeship programs as eligible institutions, referencing Section 529(c)(8) of the tax code. This change means that New York state residents can now use their 529 savings plans to pay for educational expenses at K-12 private schools and registered apprenticeship programs, in addition to traditional college and university expenses. The amendment brings New York's tuition savings program into closer conformity with federal tax law, providing more flexibility for families saving for educational costs. The bill takes effect immediately upon passage.

Education

https://www.nysenate.gov/legislation/bills/2025/A4131