Bill Text: NY A03205 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to establishing a cancer treatment credit.

Spectrum: Moderate Partisan Bill (Republican 5-1)

Status: (Introduced - Dead) 2020-07-17 - held for consideration in ways and means [A03205 Detail]

Download: New_York-2019-A03205-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3205
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 28, 2019
                                       ___________
        Introduced  by M. of A. RA, RAIA, M. L. MILLER, VANEL -- Multi-Sponsored
          by -- M. of A.  BLANKENBUSH, GIGLIO -- read once and referred  to  the
          Committee on Ways and Means
        AN ACT to amend the tax law, in relation to establishing a cancer treat-
          ment credit
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
     2  subsection (jjj) to read as follows:
     3    (jjj) Cancer treatment credit. (1) Taxpayers diagnosed with cancer, or
     4  with  dependent  children  diagnosed with cancer, shall receive a credit
     5  against the tax imposed by this article after December thirty-first, two
     6  thousand nineteen for medical expenses relating to cancer treatment.
     7    (2) Medical expenses are to include  the  costs  of  diagnosis,  cure,
     8  mitigation, treatment, and prevention of cancer. These expenses are also
     9  to  include payments for legal medical services offered by medical prac-
    10  titioners. These expenses are also to include but  not  be  limited  to:
    11  insurance  deductibles, non-covered prescription medication, wigs, pros-
    12  thetic devices, and other out of pocket expenses if  such  expenses  are
    13  required  because  the  taxpayer or their dependent child has been diag-
    14  nosed by a physician as having cancer.
    15    (3) The credit shall be for such expenses made during the taxable year
    16  per taxpayer and/or child diagnosed with cancer and the  amount  of  the
    17  credit shall be not more than five hundred dollars.
    18    (4)  If the amount of the credit allowed under this subsection for any
    19  taxable year shall exceed the taxpayer's tax for such year,  the  excess
    20  shall  be treated as an overpayment of tax to be credited or refunded in
    21  accordance with the provisions of section six hundred eighty-six of this
    22  article, provided, however, that no interest shall be paid thereon.
    23    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02301-01-9