Bill
Bill > S04933
NY S04933
NY S04933Provides that the tax credits for long-term health care insurance shall be up to $1,000 of the premiums paid for each policy of such insurance.
summary
Introduced
02/18/2021
02/18/2021
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 that the tax credits for long-term health care insurance shall be up to $1,000 of the premiums paid for each policy of such insurance.
AI Summary
This bill amends the tax law to provide tax credits of up to $1,000 for each policy of long-term care insurance premiums paid by taxpayers. The bill also removes the previous 20% cap on the tax credit and expands the eligibility for the credit to more taxpayers. The goal is to incentivize New Yorkers to purchase long-term care insurance policies that qualify under state law.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (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/S4933 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04933&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04933 |
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