Bill Text: NY A08390 | 2023-2024 | General Assembly | Introduced
Bill Title: Provides a tax deduction for fertility preservation services in an amount up to $1,000.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-01-03 - referred to ways and means [A08390 Detail]
Download: New_York-2023-A08390-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8390 2023-2024 Regular Sessions IN ASSEMBLY December 13, 2023 ___________ Introduced by M. of A. SAYEGH -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to providing a tax deduction for fertility preservation services The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (c) of section 612 of the tax law is amended by 2 adding a new paragraph 47 to read as follows: 3 (47) The amount of the cost of fertility preservation services up to 4 one thousand dollars, to the extent includable in federal adjusted gross 5 income. For the purposes of this paragraph, "fertility preservation 6 services" shall mean collecting, freezing, preserving, and storing ova. 7 § 2. This act shall take effect immediately and shall apply to taxable 8 years beginning on or after January 1, 2024. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13748-01-3