Bill > S09888

This bill creates an in vitro fertilization (IVF) treatment tax credit for up to three cycles of IVF treatment for expenses related to infertility treatment that are not covered by insurance. The credit is equal to 75% of the expenses, up to a maximum of $10,000. If the credit exceeds the taxpayer's tax liability, the excess will be treated as an overpayment to be credited or refunded, though no interest will be paid. The bill defines a "cycle" of IVF treatment as per the state's insurance law. The bill will take effect immediately and apply to tax years beginning on or after January 1, 2025.