assembly Bill A4728

2021-2022 Legislative Session

Provides resident individuals a deduction from federal adjusted gross income for health insurance premiums expended during the taxable year

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 01, 2022 held for consideration in ways and means
Jan 05, 2022 referred to ways and means
Feb 05, 2021 referred to ways and means

Co-Sponsors

A4728 (ACTIVE) - Details

Law Section:
Tax Law
Laws Affected:
Amd §615, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5591
2011-2012: A5115
2013-2014: A6613
2015-2016: A6483
2017-2018: A7105
2019-2020: A5543

A4728 (ACTIVE) - Summary

Provides resident individuals a deduction of an amount equal to one hundred percent of the cost of health insurance premiums expended by the taxpayer during the taxable year.

A4728 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4728
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 5, 2021
                                ___________
 
 Introduced  by  M.  of  A.  MANKTELOW  --  read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the tax law, in relation to providing a  deduction  from
   federal  adjusted  gross  income  to  resident  individuals for health
   insurance premiums
 
   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 1-a to read as follows:
   (1-A) AN AMOUNT EQUAL TO ONE HUNDRED PERCENT OF THE COSTS  OF  MEDICAL
 INSURANCE PREMIUMS EXPENDED BY A TAXPAYER DURING THE TAXABLE YEAR;
   §  2. This act shall take effect on the first of January next succeed-
 ing the date on which it shall have become a  law  and  shall  apply  to
 taxable years commencing on and after such date.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08451-01-1