S T A T E O F N E W Y O R K
________________________________________________________________________
4693
2009-2010 Regular Sessions
I N A S S E M B L Y
February 5, 2009
___________
Introduced by M. of A. RAMOS -- Multi-Sponsored by -- M. of A. CLARK,
CYMBROWITZ, DelMONTE, GALEF, GREENE, MAGEE, McENENY, O'DONNELL,
PEOPLES, J. RIVERA, SWEENEY, TOWNS -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to providing for an increased
state personal income tax deduction for medical expenses
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subsection (d) of section 615 of the tax law is amended by
adding a new paragraph 2-a to read as follows:
(2-A) FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOU-
SAND NINE, AN AMOUNT EQUAL TO THE AMOUNT EXPENDED BY A TAXPAYER FOR
QUALIFYING MEDICAL EXPENSES AS DETERMINED PURSUANT TO THIS PARAGRAPH.
QUALIFYING MEDICAL EXPENSES SHALL BE CALCULATED BY (A) MULTIPLYING A
TAXPAYER'S FEDERAL ADJUSTED GROSS INCOME BY TWO AND ONE-HALF PERCENT;
AND THEN (B) SUBTRACTING THE AMOUNT DETERMINED IN SUBPARAGRAPH (A) FROM
THE TOTAL AMOUNT EXPENDED BY A TAXPAYER DURING THE TAX YEAR FOR ALL
MEDICAL RELATED EXPENSES INCLUDING PREMIUMS PAID FOR HEALTH AND ACCIDENT
INSURANCE, AND LONG TERM CARE INSURANCE; AND
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07675-01-9