Bill Text: NY S01359 | 2013-2014 | General Assembly | Introduced

New York Senate Bill 1359 (Prior Session Legislation)

Introduced

Bill Title: Provides that depreciation of assets of all self-employed individuals shall not be considered income for purposes of determining eligibility for the family health plus program.

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Introduced - Dead) 2014-01-08 - REFERRED TO HEALTH [S01359 Detail]

Download: New_York-2013-S01359-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1359
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced by Sens. LITTLE, LARKIN, MONTGOMERY -- read twice and ordered
         printed, and when printed to be committed to the Committee on Health
       AN  ACT  to  amend  the social services law, in relation to the determi-
         nation of eligibility for the family health plus program for  self-em-
         ployed individuals
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (d) of subdivision 2 of  section  369-ee  of  the
    2  social  services  law,  as  added by chapter 101 of the laws of 2007, is
    3  amended to read as follows:
    4    [(d)] (E) For purposes of determining income eligibility  pursuant  to
    5  this  subdivision,  depreciation  of  assets  owned by [a] self-employed
    6  [individual operating a farm  operation  as  defined  in  section  three
    7  hundred one of the agriculture and markets law] INDIVIDUALS, as included
    8  on  the Internal Revenue Service Form 1040 of the applicable year, shall
    9  not be included as part of the gross family  income.  If  all  necessary
   10  approvals  relating  to  this paragraph under federal law and regulation
   11  have not been obtained to receive federal financial participation,  then
   12  this  paragraph  shall  not  apply;  however,  that shall not affect the
   13  status of any other provision of this title.
   14    S 2. This act shall take effect immediately and  shall  apply  to  all
   15  determinations made on or after such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01197-01-3