Establishes state-facilitated investment accounts for individuals under the age of eighteen; creates a tax deduction for certain contributions to such investment accounts.

This bill establishes the New York State Securing Early Equity and Development (SEED) Program, a pilot program to help families build long-term wealth. It allows parents or guardians to open tax-advantaged savings accounts for newborn children, with the state potentially contributing an initial $1,000 "seed deposit" for qualifying families. The program aims to encourage saving and investment, with funds accessible to the child at age 18 after completing financial literacy training.

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