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Andrew Gounardes

Sponsor · State Senator, District 26 · Democratic

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Senate bill · S1145 (2025-26)

Increases the contribution that resident taxpayers may make to family tuition accounts

Latest action Feb 10, 2026

Summary

Increases the contribution that a resident taxpayer may make to family tuition accounts during a taxable year.

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Where it stands

Out of committee and scheduled for a vote by the full chamber.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

New York State Senate

Amends the Tax Law.

Committee

Budget And Revenue · New York State Senate

Purpose, from the sponsor's memo

Section 1 amends paragraph 32 of subsection (c) of Section 612 of the Tax Law to increase the personal income tax (PIT) deduction for 529 College Savings Plan contributions from $5,000 to $10,000 for taxpayers filing as single or head of household. For taxpayers who are married filing jointly, the PIT deduction is increased from $10,000 to $20,000. Section 2 states the effective date.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

  • Vote: Committee vote · Budget And Revenue

    Senate Budget And RevenueFeb 10, 2026Result: passed

    (7) (0) (0) (0)

  • Vote: Committee vote · Budget And Revenue

    Senate Budget And RevenueFeb 11, 2025Result: passed

    (7) (0) (0) (0)

Cosponsors

Patricia Canzoneri-Fitzpatrick, Steve Rhoads and 1 more on Agora

  • Republican3
See the full list on nysenate.gov (opens in a new tab)

The sponsor's argument

Why Andrew Gounardes says this is needed

Given increases in the cost of higher education, this legislation would raise the amount parents can save tax-free, helping to remove a barrier for children to attend college.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

  1. Feb 10, 2026

    Reported out of committee

    REPORTED AND COMMITTED TO FINANCE

    NY Senate

  2. Jan 7, 2026

    Referred to committee

    REFERRED TO BUDGET AND REVENUE

    NY Senate

  3. Feb 11, 2025

    Reported out of committee

    REPORTED AND COMMITTED TO FINANCE

    NY Senate

  4. Jan 8, 2025

    Referred to committee

    REFERRED TO BUDGET AND REVENUE

    NY Senate

About this record

Summary

The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.

Cosponsors

The list shows the cosponsors who are on Agora, A to Z. The official record may list more.

Party colors

Parties are shown in the same neutral colors.

Source

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 30, 2026. About our data

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