Bill Text: NY A05591 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the tax law, in relation to providing a deduction from federal adjusted gross income to resident individuals for health insurance premiums

Spectrum: Partisan Bill (Republican 23-1)

Status: (Introduced - Dead) 2010-07-01 - held for consideration in ways and means [A05591 Detail]

Download: New_York-2009-A05591-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5591
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 13, 2009
                                      ___________
       Introduced  by  M.  of  A.  OAKS,  ALFANO, BALL, CROUCH, ERRIGO, GIGLIO,
         HAWLEY, TOBACCO -- Multi-Sponsored by -- M. of A.  BACALLES,  BARCLAY,
         BARRA,  BURLING, CALHOUN, CONTE, FINCH, JORDAN, KOLB, McDONOUGH, MILL-
         ER, MOLINARO, O'MARA, SCOZZAFAVA, THIELE, TOWNSEND --  read  once  and
         referred to the Committee on Ways and Means
       AN  ACT  to amend the tax law, in relation to providing a deduction from
         federal adjusted gross  income  to  resident  individuals  for  health
         insurance premiums
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subsection (d) of section 615 of the tax law is amended  by
    2  adding a new paragraph 1-a to read as follows:
    3    (1-A)  AN  AMOUNT EQUAL TO ONE HUNDRED PERCENT OF THE COSTS OF MEDICAL
    4  INSURANCE PREMIUMS EXPENDED BY A TAXPAYER DURING THE TAXABLE YEAR;
    5    S 2. This act shall take effect on the first of January next  succeed-
    6  ing  the  date  on  which  it shall have become a law and shall apply to
    7  taxable years commencing on and after such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06389-01-9