Bill
Bill > S00196
NY S00196
NY S00196Relates to providing a tax credit for qualified expenses relating to healthy living; provides such credit shall equal, up to one thousand dollars, the amount paid by the taxpayer during the taxable year for qualified expenses relating to healthy living.
summary
Introduced
01/06/2021
01/06/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Relates to providing a tax credit for qualified expenses relating to healthy living; provides such credit shall equal, up to one thousand dollars, the amount paid by the taxpayer during the taxable year for qualified expenses relating to healthy living.
AI Summary
This bill provides a tax credit of up to $1,000 for qualified expenses related to healthy living, such as the purchase of exercise equipment, gym memberships, and other physical activity classes. The credit is available to taxpayers, including parents or legal guardians who paid for qualified expenses for their children. If the credit exceeds the taxpayer's tax liability for the year, the excess can be carried over to the following year(s) and deducted from the taxpayer's tax.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S196 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00196&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00196 |
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