Bill
Bill > S01525
NY S01525
NY S01525Provides taxpayers 55 years of age or over with a personal income tax credit in an amount equal to 10% of the annual premium paid for a long term health care insurance contract.
summary
Introduced
01/12/2021
01/12/2021
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
Provides taxpayers 55 years of age or over with a personal income tax credit in an amount equal to 10% of the annual premium paid for a long term health care insurance contract.
AI Summary
This bill provides taxpayers aged 55 or older with a personal income tax credit equal to 10% of the annual premium paid for a long-term health care insurance contract. The goal is to encourage the development of such plans and increase the availability of private health insurance for long-term care services provided in residential and community-based settings. The credit is non-refundable, but any excess credit can be carried over to future tax years.
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/S1525 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S01525&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S01525 |
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