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Who cares
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Sponsors
2 Co-sponsors
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Increases the tax credit for individuals who purchase long term health insurance policies
In Assembly Committee · Ways And Means · Sponsor Ellen C. Jaffee
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to increasing the tax credit for individuals who purchase long term health insurance policies
Purpose
To increase the tax credit to fifty percent of premiums paid for long term care insurance.
Summary of provisions
Sections 606 and 190 of the tax law to increase the tax credit to fifty percent of premiums paid for long term care insurance.
Justification
This bill would encourage New Yorkers to purchase long term care insurance by providing them with a sizable tax credit. By purchasing long term care insurance, these people will also be helping to relieve the extreme financial burdens placed on local governments with regard to Medicaid by infusing private dollars into the system.
Legislative history
2008-07 S.5283 Referred to Investigations & Government Operations 2006: S.4351-A/Amend and Recommit - Referred to Investigations and Government Operations 2005: S.4351 - Referred to Investigations & Government Operations
Fiscal implications
To be determined.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.