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NY A05591
Bill
Status
Introduced
2/13/2009
Primary Sponsor
Thomas Alfano
Click for details
AI Summary
- Adds a new deduction to New York tax law allowing resident individuals to deduct 100% of medical insurance premiums paid during the taxable year from federal adjusted gross income
- Modifies subsection (d) of section 615 of the tax law by inserting a new paragraph (1-A) for the health insurance premium deduction
- Takes effect on January 1st following the date the bill becomes law and applies to all taxable years beginning after that date
- Applies to all health insurance premium costs expended by taxpayers during the taxable year
Legislative Description
An act to amend the tax law, in relation to providing a deduction from federal adjusted gross income to resident individuals for health insurance premiums
Last Action
held for consideration in ways and means
7/1/2010
Committee Referrals
Ways and Means2/13/2009
Full Bill Text
No bill text available