S T A T E O F N E W Y O R K
________________________________________________________________________
3267
2023-2024 Regular Sessions
I N A S S E M B L Y
February 2, 2023
___________
Introduced by M. of A. RA, BRABENEC -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to establishing a cancer treat-
ment credit
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 (ooo) to read as follows:
(OOO) CANCER TREATMENT CREDIT. (1) TAXPAYERS DIAGNOSED WITH CANCER, OR
WITH DEPENDENT CHILDREN DIAGNOSED WITH CANCER, SHALL RECEIVE A CREDIT
AGAINST THE TAX IMPOSED BY THIS ARTICLE AFTER DECEMBER THIRTY-FIRST, TWO
THOUSAND TWENTY-THREE FOR MEDICAL EXPENSES RELATING TO CANCER TREATMENT.
(2) MEDICAL EXPENSES ARE TO INCLUDE THE COSTS OF DIAGNOSIS, CURE,
MITIGATION, TREATMENT, AND PREVENTION OF CANCER. THESE EXPENSES ARE ALSO
TO INCLUDE PAYMENTS FOR LEGAL MEDICAL SERVICES OFFERED BY MEDICAL PRAC-
TITIONERS. THESE EXPENSES ARE ALSO TO INCLUDE BUT NOT BE LIMITED TO:
INSURANCE DEDUCTIBLES, NON-COVERED PRESCRIPTION MEDICATION, WIGS, PROS-
THETIC DEVICES, AND OTHER OUT OF POCKET EXPENSES IF SUCH EXPENSES ARE
REQUIRED BECAUSE THE TAXPAYER OR THEIR DEPENDENT CHILD HAS BEEN DIAG-
NOSED BY A PHYSICIAN AS HAVING CANCER.
(3) THE CREDIT SHALL BE FOR SUCH EXPENSES MADE DURING THE TAXABLE YEAR
PER TAXPAYER AND/OR CHILD DIAGNOSED WITH CANCER AND THE AMOUNT OF THE
CREDIT SHALL BE NOT MORE THAN FIVE HUNDRED DOLLARS.
(4) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR ANY
TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS
SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED IN
ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS
ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07287-01-3