S T A T E O F N E W Y O R K
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4804
2015-2016 Regular Sessions
I N A S S E M B L Y
February 6, 2015
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Introduced by M. of A. RAIA, OAKS, MALLIOTAKIS, MONTESANO, RA, BORELLI,
GRAF, CURRAN, LALOR, FINCH -- Multi-Sponsored by -- M. of A. BARCLAY,
BLANKENBUSH, CERETTO, CROUCH, DiPIETRO, FITZPATRICK, GIGLIO, GOODELL,
HAWLEY, KOLB, LUPINACCI, McDONOUGH, McKEVITT, McLAUGHLIN, PALMESANO,
SALADINO, STEC, TEDISCO, TENNEY, THIELE, WALTER -- read once and
referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to excluding from personal
income taxation moneys paid by certain persons for prescription drugs
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subsection (c) of section 612 of the tax law is amended by
adding a new paragraph 42 to read as follows:
(42) THE AMOUNT, UP TO ONE THOUSAND DOLLARS, PAID FOR ANY MEDICATION
PRESCRIBED BY A DOCTOR, NURSE OR OTHER CERTIFIED HEALTH PROFESSIONAL FOR
THE TREATMENT OF ANY ILLNESS OR PHYSICAL AILMENT OF THE TAXPAYER,
PROVIDED THE TAXPAYER IS OVER SIXTY-FIVE YEARS OLD AND THE TAXPAYER'S
NEW YORK ADJUSTED GROSS INCOME IS BELOW OR EQUAL TO SIXTY THOUSAND
DOLLARS.
S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2013.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07015-01-5