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NY A04246

Bill

Official Source

Status

Introduced

2/1/2013

Primary Sponsor

Andrew Raia

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Excludes up to $1,000 in annual prescription drug expenses from personal income taxation for eligible taxpayers
  • Applies only to taxpayers age 65 or older with New York adjusted gross income of $60,000 or less
  • Covers medications prescribed by doctors, nurses, or other certified health professionals for treatment of any illness or physical ailment
  • 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

6/17/2014

Committee Referrals

Ways and Means2/1/2013

Full Bill Text

No bill text available