- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
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A02101 Summary:
BILL NO | A02101 |
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SAME AS | No Same As |
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SPONSOR | Stern |
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COSPNSR | |
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MLTSPNSR | |
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Amd §612, Tax L | |
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Provides a personal income tax deduction for long term care insurance riders under life insurance policies. |
A02101 Actions:
BILL NO | A02101 | |||||||||||||||||||||||||||||||||||||||||||||||||
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01/23/2023 | referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
01/03/2024 | referred to ways and means |
A02101 Committee Votes:
Go to topA02101 Floor Votes:
There are no votes for this bill in this legislative session.
Go to topA02101 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 2101 2023-2024 Regular Sessions IN ASSEMBLY January 23, 2023 ___________ Introduced by M. of A. STERN -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to providing for a personal income tax deduction for long term care insurance riders The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (c) of section 612 of the tax law is amended by 2 adding a new paragraph 47 to read as follows: 3 (47) The portion of the premiums paid during the taxable year by a 4 taxpayer attributable to the cost of a long term care insurance rider 5 under a life insurance policy. 6 § 2. This act shall take effect immediately and shall apply to taxable 7 years commencing on or after the first of January in the year in which 8 it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02306-01-3