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NY A05115
Bill
Status
2/11/2011
Primary Sponsor
Robert Oaks
Click for details
AI Summary
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Allows resident individuals in New York to deduct 100% of health insurance premiums paid during the taxable year from federal adjusted gross income for state tax purposes
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Adds a new paragraph (1-A) to Section 615(d) of the New York Tax Law to establish the deduction
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Takes effect on January 1 of the year following enactment and applies to all taxable years beginning after that date
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Sponsored by 20 members of the Assembly including M. of A. Oaks, Crouch, Giglio, Hawley, and others
Legislative Description
Provides resident individuals a deduction of an amount equal to one hundred percent of the cost of health insurance premiums expended by the taxpayer during the taxable year.
Last Action
held for consideration in ways and means
6/19/2012