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NY A06767
Bill
Status
Introduced
3/12/2009
Primary Sponsor
Joel Miller
Click for details
AI Summary
- Adds a new deduction to New York tax law allowing taxpayers to reduce their federal adjusted gross income by 100% of health insurance premiums paid for themselves, their spouse, or their children
- The deduction is reduced by the amount of health insurance premiums already claimed as a deduction on the taxpayer's federal return, preventing double deductions
- Applies to premiums actually paid by the taxpayer for health insurance coverage
- Takes effect on January 1st following enactment of the legislation
Legislative Description
Provides that taxpayer may reduce federal adjusted gross income by an amount equal to all health insurance premiums actually paid by such taxpayer for self, spouse or child, less amount claimed for as a deduction for such premiums on the taxpayers federal return.
Last Action
held for consideration in ways and means
7/1/2010
Committee Referrals
Ways and Means3/12/2009
Full Bill Text
No bill text available