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NY A06483

Bill

Status

Introduced

3/25/2015

Primary Sponsor

Robert Oaks

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends the New York Tax Law to add a new deduction for resident individuals equal to 100 percent of medical insurance premiums paid during the taxable year

  • The deduction applies to federal adjusted gross income calculations for New York State tax purposes

  • Becomes effective January 1st of the year following enactment and applies to all taxable years commencing on or after that date

  • 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

6/15/2016

Committee Referrals

Ways and Means3/25/2015

Full Bill Text

No bill text available