Bill > S05262

This bill creates a new tax credit for New York state residents to help cover the costs of in vitro fertilization (IVF) treatments for infertility. Specifically, the bill allows taxpayers to claim a tax credit of up to 75% of their IVF treatment expenses, with a maximum credit of $10,000, for up to three IVF treatment cycles. The credit can be applied against state income taxes, and if the credit amount exceeds the taxpayer's tax liability, the excess will be treated as an overpayment and refunded without interest. The bill defines a "cycle" of IVF treatment using the definition from the New York State insurance law. The tax credit will become effective for taxable years beginning on or after January 1, 2026, providing financial support to residents seeking fertility treatments that are not fully covered by insurance. This legislation aims to make IVF more affordable and accessible for individuals and couples struggling with infertility.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S5262