-  This bill is not active in this session.
 

J01171 Summary:

BILL NOJ01171
 
SAME ASNo Same As
 
SPONSORPARKER
 
COSPNSR
 
MLTSPNSR
 
 
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J01171 Actions:

BILL NOJ01171
 
04/16/2019REFERRED TO FINANCE
04/30/2019REPORTED TO CALENDAR FOR CONSIDERATION
04/30/2019ADOPTED
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J01171 Committee Votes:

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J01171 Floor Votes:

There are no votes for this bill in this legislative session.
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J01171 Text:

 
Senate Resolution No. 1171
 
BY: Senator PARKER
 
        MEMORIALIZING Governor Andrew M. Cuomo to proclaim
        May  29,  2019,  as  529  College Savings Day in the
        State of New York
 
  WHEREAS, It is the custom of  this  Legislative  Body  to  recognize
official days that are set aside to increase awareness on the importance
of an educational investment plan to the citizens of New York State; and
 
  WHEREAS,  Attendant  to  such  concern,  and in full accord with its
long-standing traditions, this  Legislative  Body  is  justly  proud  to
memorialize  Governor  Andrew  M.  Cuomo  to proclaim Wednesday, May 29,
2019, as  529  College  Savings  Day  in  the  State  of  New  York,  in
conjunction  with  the  observance  of National 529 College Savings Plan
Day; and
 
  WHEREAS, With nearly 70% of Americans unsure of what a 529 plan  is,
Wednesday, May 29, 2019, has been designated as National 529 Savings Day
and  serves to raise awareness on the benefits of a 529 investment plan;
and
 
  WHEREAS, A 529 College Savings program is a college tuition plan for
children which is tax-free both on savings and investments, as  long  as
it  is  used for qualified expenses and does not have income limitations
on contributors; and
 
  WHEREAS, With all 50 states and the District of Columbia offering at
least one 529 plan, many states offer a tax deduction to those  who  use
their state's plan; and
 
  WHEREAS,  Many  states  are  promoting  May  29 (5/29) as a day with
special meaning, and are looking to boost interest and participation  in
their  529  savings  programs  with  various  sweepstakes,  contests and
incentives; and
 
  WHEREAS, It is imperative that there be  greater  awareness  of  529
College Savings Plans, and more must be done to increase activity at the
local, State and National levels; now, therefore, be it
 
  RESOLVED,  That  this Legislative Body pause in its deliberations to
memorialize Governor Andrew M. Cuomo to proclaim May 29,  2019,  as  529
College Savings Day in the State of New York; and be it further
 
  RESOLVED,  That  a  copy  of this Resolution, suitably engrossed, be
transmitted to The Honorable Andrew M. Cuomo, Governor of the  State  of
New York.
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