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NY S00122

Bill

Official Source

Status

Introduced

1/5/2011

Primary Sponsor

Ruben Diaz

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Origin

Senate

2009-2010 General Assembly

AI Summary

  • Amends Section 241 of the Elder Law to modify income calculations for the elderly pharmaceutical insurance coverage program
  • Authorizes the panel to adopt policies excluding certain non-recurring income items that would artificially inflate available funds for current needs
  • Specifically allows exclusion of retiree's previous year's wages and non-recurring distributions from individual retirement accounts
  • Income definition remains based on "household gross income" as defined in the real property tax circuit breaker credit program, limited to applicants and spouses only
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the panel to adopt policies to exclude certain non-recurring items from income that would artificially inflate the availability of funds to meet current needs relating to eligibility for the program for elderly pharmaceutical insurance coverage.

Last Action

REFERRED TO AGING

1/5/2011

Committee Referrals

Aging1/5/2011

Full Bill Text

No bill text available