Bill Text: NY A05799 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the tax law, in relation to a deduction for health and dental insurance premiums paid by sole proprietors and partners in unincorporated business

Spectrum: Partisan Bill (Republican 34-1)

Status: (Introduced - Dead) 2010-07-01 - held for consideration in ways and means [A05799 Detail]

Download: New_York-2009-A05799-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5799
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 20, 2009
                                      ___________
       Introduced  by  M.  of  A. HAYES, BACALLES, BUTLER, CORWIN, FINCH, McDO-
         NOUGH, RAIA, REILICH, SAYWARD -- Multi-Sponsored by -- M. of A.  ALFA-
         NO,  BARCLAY,  BARRA, BURLING, CALHOUN, CONTE, CROUCH, DUPREY, ERRIGO,
         FITZPATRICK, GIGLIO, HAWLEY, KOLB,  MILLER,  MOLINARO,  OAKS,  O'MARA,
         QUINN,  RABBITT,  SALADINO, TEDISCO, THIELE, TOBACCO, TOWNSEND, WALKER
         -- read once and referred to the Committee on Ways and Means
       AN ACT to amend the tax law, in relation to a deduction for  health  and
         dental  insurance  premiums  paid  by sole proprietors and partners in
         unincorporated business
         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  AND  DENTAL  INSURANCE PREMIUMS EXPENDED BY A SOLE PROPRIETOR OR PARTNER
    5  OF AN UNINCORPORATED BUSINESS FOR SELF-COVERAGE;
    6    S 2. This act shall take effect on the first of January next  succeed-
    7  ing  the  date  on  which  it shall have become a law and shall apply to
    8  taxable years commencing on or after such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07574-01-9