Bill Text: NY A07105 | 2017-2018 | General Assembly | Introduced
Bill Title: 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.
Spectrum: Partisan Bill (Republican 21-1)
Status: (Introduced - Dead) 2018-06-14 - held for consideration in ways and means [A07105 Detail]
Download: New_York-2017-A07105-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7105 2017-2018 Regular Sessions IN ASSEMBLY April 10, 2017 ___________ Introduced by M. of A. OAKS, CROUCH, GIGLIO, HAWLEY, MALLIOTAKIS, MONTESANO, DiPIETRO, WALTER, FINCH, CASTORINA, ERRIGO -- Multi-Spon- sored by -- M. of A. BARCLAY, BLANKENBUSH, CURRAN, GARBARINO, GOODELL, KOLB, LALOR, McDONOUGH, B. MILLER, PALMESANO, THIELE -- 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 § 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. LBD08379-01-7
