Amends the New York state college choice tuition savings program to have the program also apply to elementary and secondary schools

S 388 expands New York's existing College Choice Tuition Savings Program to include elementary and secondary schools, allowing families to save tax-advantaged funds for K-12 education costs. The bill amends tax law to permit a $5,000 annual tax exclusion (or $10,000 for joint filers) for contributions to accounts covering K-12 tuition, mirroring the current college savings tax treatment. It updates program definitions, tax provisions, and reporting requirements to explicitly cover public and private elementary/secondary schools. This change directly affects New York families using the program for K-12 education expenses, not just college. The policy takes effect for tax years beginning January 1, 2025.