Bill
Bill > A10696
NY A10696
NY A10696Creates an in vitro fertilization treatment tax credit for up to three cycles of in vitro fertilization treatment for expenses related to treatment for infertility.
summary
Introduced
08/28/2024
08/28/2024
In Committee
08/28/2024
08/28/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to creating an in vitro fertilization treatment tax credit
AI Summary
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 eligible expenses, up to a maximum of $10,000. The bill defines a "cycle" of IVF treatment in accordance with the insurance law. The tax credit will be effective for taxable years beginning on or after January 1, 2025.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
referred to ways and means (on 08/28/2024)
Bill Topics
Health
- ‐ Maternal Health
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A10696 | 08/28/2024 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A10696&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A10696 | 08/28/2024 |
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