Excludes from personal income taxation moneys paid by a taxpayer over the age of sixty-five for prescription drugs whose New York adjusted gross income is below or equal to $60,000.
STATE OF NEW YORK
________________________________________________________________________
4373
2011-2012 Regular Sessions
IN ASSEMBLY
February 3, 2011
___________
Introduced by M. of A. RAIA, OAKS, RABBITT -- Multi-Sponsored by -- M.
of A. BURLING, CALHOUN, CONTE, CROUCH, FINCH, FITZPATRICK, GIGLIO,
HAYES, KOLB, McDONOUGH, McKEVITT, J. MILLER, SALADINO, TEDISCO,
THIELE, TOBACCO -- read once and referred to the Committee on Ways and
Means
AN ACT to amend the tax law, in relation to excluding from personal
income taxation moneys paid by certain persons for prescription drugs
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 39 to read as follows:
3 (39) The amount, up to one thousand dollars, paid for any medication
4 prescribed by a doctor, nurse or other certified health professional for
5 the treatment of any illness or physical ailment of the taxpayer,
6 provided the taxpayer is over sixty-five years old and the taxpayer's
7 New York adjusted gross income is below or equal to sixty thousand
8 dollars.
9 § 2. This act shall take effect immediately and shall apply to taxable
10 years beginning on or after January 1, 2011.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06627-01-1
