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NY A06613

Bill

Official Source

Status

Introduced

4/12/2013

Primary Sponsor

Robert Oaks

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Adds a new deduction to New York tax law allowing resident individuals to deduct 100% of medical insurance premiums paid during the taxable year from federal adjusted gross income
  • Amends subsection (d) of section 615 of the tax law by inserting a new paragraph (1-A) for the health insurance premium deduction
  • Takes effect January 1st following enactment and applies to all taxable years beginning on or after that date
  • Sponsored by multiple Assembly members including Oaks, Crouch, Giglio, Hawley, and Malliotakis, among others
  • Referred to the Committee on Ways and Means

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

6/17/2014

Committee Referrals

Ways and Means4/12/2013

Full Bill Text

No bill text available