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A03428 Summary:

BILL NOA03428
 
SAME ASNo Same As
 
SPONSORMcKevitt (MS)
 
COSPNSRGarbarino, Raia, Montesano, Kolb, Curran, Blankenbush, Friend, Miller B
 
MLTSPNSRCrouch, Giglio, Hawley, McDonald, McDonough, Ra
 
Amd §667, Ed L
 
Relates to determining income for tuition assistance program awards; provides that transfers from individual retirement accounts to Roth individual retirement accounts not be included in determining income for such TAP awards.
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A03428 Actions:

BILL NOA03428
 
01/27/2017referred to higher education
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A03428 Committee Votes:

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A03428 Floor Votes:

There are no votes for this bill in this legislative session.
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A03428 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3428
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 27, 2017
                                       ___________
 
        Introduced by M. of A. McKEVITT, GRAF, GARBARINO, RAIA, MONTESANO, KOLB,
          CURRAN  --  Multi-Sponsored  by -- M. of A. McDONALD, McDONOUGH, RA --
          read once and referred to the Committee on Higher Education
 
        AN ACT to amend the education law, in relation to determining income for
          tuition assistance program awards

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subdivision  3  of  section  667  of the education law is
     2  amended by adding a new paragraph d to read as follows:
     3    d. Income determination. For purposes of this section and for purposes
     4  of determining income, the commissioner  shall  not  consider  transfers
     5  from  individual  retirement  accounts  to  Roth  individual  retirement
     6  accounts as income for calculating tuition assistance program awards.
     7    § 2. This act shall take effect on the first of July  next  succeeding
     8  the date on which it shall have become a law.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04660-01-7
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