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NY A04373
Bill
Status
Introduced
2/3/2011
Primary Sponsor
Andrew Raia
Click for details
AI Summary
- Excludes up to $1,000 in annual prescription drug costs from New York personal income taxation
- Applies only to taxpayers over 65 years old with New York adjusted gross income of $60,000 or less
- Covers medications prescribed by doctors, nurses, or other certified health professionals for treating illness or physical ailments
- Takes effect immediately and applies to taxable years beginning January 1, 2011 and later
Legislative Description
Excludes from personal income taxation moneys paid by a taxpayer over the age of sixty-five for prescription drugs whose New York adjusted gross income is below or equal to $60,000.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means2/3/2011
Full Bill Text
No bill text available