Senate Bill S4158

2011-2012 Legislative Session

Provides that depreciation of assets of all self-employed individuals shall not be considered income for purposes of determining eligibility for family health plus

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Archive: Last Bill Status - In Senate Committee Finance Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-S4158 (ACTIVE) - Details

See Assembly Version of this Bill:
A6943
Current Committee:
Senate Finance
Law Section:
Social Services Law
Laws Affected:
Amd §369-ee, Soc Serv L
Versions Introduced in Other Legislative Sessions:
2009-2010: S280, A1280
2013-2014: S1359

2011-S4158 (ACTIVE) - Summary

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.

2011-S4158 (ACTIVE) - Sponsor Memo

2011-S4158 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4158

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 21, 2011
                               ___________

Introduced  by  Sen.  LITTLE -- 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:

  Section  1.  Paragraph  (d)  of subdivision 2 of section 369-ee of the
social services law, as added by chapter 101 of the  laws  of  2007,  is
amended to read as follows:
  [(d)]  (E)  For purposes of determining income eligibility pursuant to
this subdivision, depreciation of  assets  owned  by  [a]  self-employed
[individual  operating  a  farm  operation  as  defined in section three
hundred one of the agriculture and markets law] INDIVIDUALS, as included
on the Internal Revenue Service Form 1040 of the applicable year,  shall
not  be  included  as  part of the gross family income. If all necessary
approvals relating to this paragraph under federal  law  and  regulation
have  not been obtained to receive federal financial participation, then
this paragraph shall not apply;  however,  that  shall  not  affect  the
status of any other provision of this title.
  S  2.  This  act  shall take effect immediately and shall apply to all
determinations made on or after such effective date.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10339-01-1


              

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