Bill > A03051

This bill creates a new tax credit for New York State residents to help offset the costs of in vitro fertilization (IVF) treatment, a medical procedure used to help individuals and couples struggling with infertility. Under this legislation, taxpayers can claim a credit equal to 75% of their IVF treatment expenses, up to a maximum of $10,000, for up to three treatment cycles per taxable year. The credit applies only to expenses not already covered by insurance, and if the credit amount exceeds the taxpayer's annual tax liability, the excess will be treated as an overpayment and refunded without interest. The bill defines a "cycle" of treatment by referencing the existing definition in the state insurance law, and it is set to take effect for taxable years beginning on or after January 1, 2026. By providing this financial support, the bill aims to make IVF more accessible and affordable for residents facing fertility challenges.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3051