Senate Bill S2416A

2017-2018 Legislative Session

Provides a maximum $500 tax credit for taxpayer expenses not compensated by insurance related to the purchase of a qualified hearing aid

download bill text pdf

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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Actions

View Actions

Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Feb 06, 2018	reported and committed to finance
Jan 03, 2018	referred to investigations and government operations
Feb 27, 2017	print number 2416a
Feb 27, 2017	amend and recommit to finance
Feb 14, 2017	reported and committed to finance
Jan 13, 2017	referred to investigations and government operations

Votes

- Feb 6, 2018 - Investigations And Government Operations Committee Vote
  S2416A
  
  Aye
  
  9
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  
  0
  - - Investigations And Government Operations Committee Vote: Feb 6, 2018
      
      aye (9)
      
      Benjamin
      
      Carlucci
      
      Golden
      
      Hoylman-Sigal
      
      Kavanagh
      
      Lanza
      
      Murphy
      
      O'Mara
      
      Phillips
  Feb 14, 2017 - Investigations And Government Operations Committee Vote
  S2416A
  
  Aye
  
  8
  
  Nay
  
  0
  
  Aye with Reservations
  
  1
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  
  0
  - - Investigations And Government Operations Committee Vote: Feb 14, 2017
      
      aye (8)
      
      Carlucci
      
      Diaz
      
      Golden
      
      Hoylman-Sigal
      
      Lanza
      
      Murphy
      
      O'Mara
      
      Phillips
      
      aye wr (1)
      
      Squadron

Bill Amendments

Original

A (Active)

co-Sponsors

2017-S2416 - Details

Current Committee:: Senate Finance
Law Section:: Tax Law
Laws Affected:: Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S786
2011-2012: S3863
2013-2014: S3936
2015-2016: S2998
2019-2020: S2991

2017-S2416 - Summary

Provides a maximum $500 tax credit for taxpayer expenses, not compensated by insurance or otherwise, related to the purchase of a qualified hearing aid.

2017-S2416 - Sponsor Memo

                                 BILL NUMBER:  S2416

 TITLE OF BILL :

An act to amend the tax law, in relation to providing a tax credit to
individuals for up to five hundred dollars of expenses not compensated
by insurance for the purchase of a qualified hearing aid

 PURPOSE OR GENERAL IDEA OF BILL :

The purpose of this legislation is to lower the cost of hearing aids
and ensure that anyone who needs hearing aids is able to purchase
them.

 SUMMARY OF SPECIFIC PROVISIONS :

The legislation would provide a tax credit of up to $500 per hearing
aid, available once every five years towards the purchase of a hearing
aid(s) for any individual or those purchasing a hearing aid for a
dependent if it is not covered by insurance or otherwise.

 JUSTIFICATION :

It is estimated that there are 28 million Americans with hearing loss.
Included in this figure are 1 million children under the age of 18
with a diagnosed hearing loss who are not now using a hearing aid, and

around 9.7 million Americans age 55 and over. While 95% of individuals
with hearing loss could be successfully treated with hearing aids,
only 22%(6.35 million Americans) currently use them according to the
most recent 'MarkeTrak' report, the largest national consumer survey
on hearing loss in America. Forty percent of individuals with hearing
loss have incomes of less than $30,000 per year. A Department of
Commerce study indicates that the overall family income of people with
hearing loss is almost half that of the general population. Thirty
percent of those with hearing loss cite financial constraints as a
core reason they do not use hearing aids, according to a MarkeTrak
report. The average cost for a hearing aid in 2002 was over $1,400,
and almost 2/3 of individuals with hearing loss require two devices,
thereby increasing the average out-of-pocket expense to over $2,800.
This legislation is not intended to cover the full cost of hearing
aids, but will simply provide some measure of financial assistance to
individuals and families who are most in need of these devices but are
unable to afford them.

 PRIOR LEGISLATIVE HISTORY :

2005-06: S.2630 Government Operations;
2007-08: S.289 Finance;
2009-10: S.786 Government Operations;
2011-12: S.3863 Government Operations
2013-14: S3936a Government Operations
2015-16: S2998 Government Operations

 FISCAL IMPLICATIONS :

This bill would create a nonrefundable credit of up to $500 under the
personal income tax for expenses for the purchase of hearing aids not
compensated by insurance.

 EFFECTIVE DATE :
Immediately and will apply to taxable years beginning on and after the
first of January next succeeding the date on which it shall have
become law.

2017-S2416 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2416
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2017
                                ___________
 
 Introduced by Sens. FUNKE, GOLDEN, ORTT -- read twice and ordered print-
   ed,  and  when  printed  to  be committed to the Committee on Investi-
   gations and Government Operations
 
 AN ACT to amend the tax law, in relation to providing a  tax  credit  to
   individuals for up to five hundred dollars of expenses not compensated
   by insurance for the purchase of a qualified hearing aid
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
 subsection (ccc) to read as follows:
    (CCC)  HEARING  AID CREDIT. (1) A TAXPAYER SHALL BE ALLOWED A CREDIT,
 TO BE COMPUTED AS PROVIDED IN THIS SUBSECTION, AGAINST THE  TAX  IMPOSED
 PURSUANT  TO  SECTION SIX HUNDRED ONE OF THIS PART. THE AMOUNT OF CREDIT
 SHALL EQUAL THE AMOUNT PAID BY THE TAXPAYER DURING THE TAXABLE YEAR,  UP
 TO  FIVE HUNDRED DOLLARS, AND NOT COMPENSATED BY INSURANCE OR OTHERWISE,
 FOR THE PURCHASE OF ANY QUALIFIED HEARING AID.
   (2) FOR THE PURPOSES OF THIS SUBSECTION, "QUALIFIED HEARING AID" SHALL
 MEAN A HEARING AID WHICH IS AUTHORIZED FOR COMMERCIAL DISTRIBUTION UNDER
 THE FEDERAL FOOD, DRUG AND COSMETIC ACT AND WHICH IS INTENDED FOR USE BY
 THE TAXPAYER OR AN INDIVIDUAL WITH RESPECT TO WHOM THE TAXPAYER, FOR THE
 TAXABLE YEAR, IS ALLOWED A PERSONAL EXEMPTION FOR DEPENDENTS.
   (3) THIS SUBSECTION SHALL APPLY TO ANY INDIVIDUAL FOR ANY TAXABLE YEAR
 ONLY IF SUCH INDIVIDUAL ELECTS TO HAVE THIS SECTION APPLY FOR SUCH TAXA-
 BLE YEAR. AN ELECTION TO HAVE THIS SECTION APPLY MAY NOT BE MADE FOR ANY
 TAXABLE YEAR IF SUCH ELECTION IS IN EFFECT WITH RESPECT TO SUCH INDIVID-
 UAL FOR EITHER OF THE TWO TAXABLE YEARS PRECEDING SUCH TAXABLE YEAR.
   (4) NO CREDIT SHALL BE ALLOWED FOR ANY HEARING AID EXPENSES FOR  WHICH
 A DEDUCTION OR CREDIT IS ALLOWED UNDER ANY OTHER PROVISION OF THIS CHAP-
 TER.
   (5)  IN  NO  EVENT  SHALL  THE  AMOUNT  OF THE CREDIT PROVIDED BY THIS
 SUBSECTION EXCEED THE TAXPAYER'S TAX FOR THE TAXABLE YEAR.  HOWEVER,  IF
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD04192-01-7

 S. 2416                             2
 
 THE AMOUNT OF CREDIT OTHERWISE ALLOWABLE PURSUANT TO THIS SUBSECTION FOR
 ANY TAXABLE YEAR RESULTS IN SUCH EXCESS AMOUNT, ANY AMOUNT OF CREDIT NOT
 DEDUCTIBLE  IN  SUCH  TAXABLE  YEAR MAY BE CARRIED OVER TO THE FOLLOWING
 YEAR  OR YEARS AND MAY BE DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR
 OR YEARS.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after the first of January  next  succeeding  the
 date on which it shall have become a law.

co-Sponsors

2017-S2416A (ACTIVE) - Details

Current Committee:: Senate Finance
Law Section:: Tax Law
Laws Affected:: Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S786
2011-2012: S3863
2013-2014: S3936
2015-2016: S2998
2019-2020: S2991

2017-S2416A (ACTIVE) - Summary

Provides a maximum $500 tax credit for taxpayer expenses, not compensated by insurance or otherwise, related to the purchase of a qualified hearing aid.

2017-S2416A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S2416A

 TITLE OF BILL :

An act to amend the tax law, in relation to providing a tax credit to
individuals for up to five hundred dollars of expenses not compensated
by insurance for the purchase of a qualified hearing aid

 PURPOSE OR GENERAL IDEA OF BILL :

The purpose of this legislation is to lower the cost of hearing aids
and ensure that anyone who needs hearing aids is able to purchase
them.

 SUMMARY OF SPECIFIC PROVISIONS :

The legislation would provide a tax credit of up to $500 per hearing
aid, available once every five years towards the purchase of a hearing
aid(s) for any individual or those purchasing a hearing aid for a
dependent if it is not covered by insurance or otherwise.

 JUSTIFICATION :

It is estimated that there are 28 million Americans with hearing loss.
Included in this figure are 1 million children under the age of 18
with a diagnosed hearing loss who are not now using a hearing aid, and

around 9.7 million Americans age 55 and over. While 95% of individuals
with hearing loss could be successfully treated with hearing aids,
only 22%(6.35 million Americans) currently use them according to the
most recent 'MarkeTrak' report, the largest national consumer survey
on hearing loss in America. Forty percent of individuals with hearing
loss have incomes of less than $30,000 per year. A Department of
Commerce study indicates that the overall family income of people with
hearing loss is almost half that of the general population. Thirty
percent of those with hearing loss cite financial constraints as a
core reason they do not use hearing aids, according to a MarkeTrak
report. The average cost for a hearing aid in 2002 was over $1,400,
and almost 2/3 of individuals with hearing loss require two devices,
thereby increasing the average out-of-pocket expense to over $2,800.
This legislation is not intended to cover the full cost of hearing
aids, but will simply provide some measure of financial assistance to
individuals and families who are most in need of these devices but are
unable to afford them.

 PRIOR LEGISLATIVE HISTORY :

2005-06: S.2630 Government Operations;
2007-08: S.289 Finance;
2009-10: S.786 Government Operations;
2011-12: S.3863 Government Operations
2013-14: S3936a Government Operations
2015-16: S2998 Government Operations

 FISCAL IMPLICATIONS :

This bill would create a nonrefundable credit of up to $500 under the
personal income tax for expenses for the purchase of hearing aids not
compensated by insurance.

 EFFECTIVE DATE :
Immediately and will apply to taxable years beginning on and after the
first of January next succeeding the date on which it shall have
become law.

2017-S2416A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2416--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2017
                                ___________
 
 Introduced  by  Sens.  FUNKE,  GOLDEN,  ORTT,  SERINO  -- read twice and
   ordered printed, and when printed to be committed to the Committee  on
   Investigations  and  Government  Operations -- reported favorably from
   said committee and committed to the Committee on Finance --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN  ACT  to  amend the tax law, in relation to providing a tax credit to
   individuals for up to five hundred dollars of expenses not compensated
   by insurance for the purchase of a qualified hearing aid
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  606  of  the  tax law is amended by adding a new
 subsection (ccc) to read as follows:
    (CCC) HEARING AID CREDIT. (1) A TAXPAYER SHALL BE ALLOWED  A  CREDIT,
 TO  BE  COMPUTED AS PROVIDED IN THIS SUBSECTION, AGAINST THE TAX IMPOSED
 PURSUANT TO SECTION SIX HUNDRED ONE OF THIS PART. THE AMOUNT  OF  CREDIT
 SHALL  EQUAL THE AMOUNT PAID BY THE TAXPAYER DURING THE TAXABLE YEAR, UP
 TO FIVE HUNDRED DOLLARS, AND NOT COMPENSATED BY INSURANCE OR  OTHERWISE,
 FOR THE PURCHASE OF ANY QUALIFIED HEARING AID.
   (2) FOR THE PURPOSES OF THIS SUBSECTION, "QUALIFIED HEARING AID" SHALL
 MEAN A HEARING AID WHICH IS AUTHORIZED FOR COMMERCIAL DISTRIBUTION UNDER
 THE FEDERAL FOOD, DRUG AND COSMETIC ACT AND WHICH IS INTENDED FOR USE BY
 THE TAXPAYER OR AN INDIVIDUAL WITH RESPECT TO WHOM THE TAXPAYER, FOR THE
 TAXABLE YEAR, IS ALLOWED A PERSONAL EXEMPTION FOR DEPENDENTS.
   (3) A TAXPAYER CLAIMING CREDIT PURSUANT TO THIS SUBSECTION FOR A TAXA-
 BLE YEAR SHALL NOT BE ALLOWED TO CLAIM SUCH CREDIT FOR TWO TAXABLE YEARS
 FOLLOWING ANY TAXABLE YEAR FOR WHICH CREDIT IS ALLOWED.
   (4)  NO CREDIT SHALL BE ALLOWED FOR ANY HEARING AID EXPENSES FOR WHICH
 A DEDUCTION OR CREDIT IS ALLOWED UNDER ANY OTHER PROVISION OF THIS CHAP-
 TER.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04192-02-7

 S. 2416--A                          2
 
   (5) IN NO EVENT SHALL THE  AMOUNT  OF  THE  CREDIT  PROVIDED  BY  THIS
 SUBSECTION  EXCEED  THE TAXPAYER'S TAX FOR THE TAXABLE YEAR. HOWEVER, IF
 THE AMOUNT OF CREDIT OTHERWISE ALLOWABLE PURSUANT TO THIS SUBSECTION FOR
 ANY TAXABLE YEAR RESULTS IN SUCH EXCESS AMOUNT, ANY AMOUNT OF CREDIT NOT
 DEDUCTIBLE IN SUCH TAXABLE YEAR MAY BE CARRIED OVER TO THE FOLLOWING TWO
 YEARS  AND  MAY  BE  DEDUCTED  FROM  THE TAXPAYER'S TAX FOR SUCH YEAR OR
 YEARS.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after the first of January  next  succeeding  the
 date on which it shall have become a law.

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Senate Bill S2416A

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee

Actions

Votes

Feb 6, 2018 - Investigations And Government Operations Committee Vote

Investigations And Government Operations Committee Vote: Feb 6, 2018

Feb 14, 2017 - Investigations And Government Operations Committee Vote

Investigations And Government Operations Committee Vote: Feb 14, 2017

Bill Amendments

co-Sponsors

2017-S2416 - Details

2017-S2416 - Summary

2017-S2416 - Sponsor Memo

2017-S2416 - Bill Text download pdf

co-Sponsors

2017-S2416A (ACTIVE) - Details

2017-S2416A (ACTIVE) - Summary

2017-S2416A (ACTIVE) - Sponsor Memo

2017-S2416A (ACTIVE) - Bill Text download pdf

Comments

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Senate Bill S2416A

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Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee

Actions

Votes

Bill Amendments

co-Sponsors

2017-S2416 - Details

2017-S2416 - Summary

2017-S2416 - Sponsor Memo

2017-S2416 - Bill Text download pdf

co-Sponsors

2017-S2416A (ACTIVE) - Details

2017-S2416A (ACTIVE) - Summary

2017-S2416A (ACTIVE) - Sponsor Memo

2017-S2416A (ACTIVE) - Bill Text download pdf

Comments