NY S09888

Allows resident taxpayers a credit against New York State income tax for up to three cycles of in vitro fertilization (IVF) treatment for infertility.

Credit equals 75 percent of IVF expenses not covered by insurance, with a maximum credit of $10,000 per taxable year.

Excess credits exceeding a taxpayer's tax liability are treated as overpayments and refunded without interest.

Defines "cycle" according to the insurance law definition in Section 4303(s)(3)(G) of the Insurance Law.

Effective immediately and applies to taxable years beginning January 1, 2025.