A08456 Summary:

BILL NOA08456
 
SAME ASNo Same As
 
SPONSORStern
 
COSPNSR
 
MLTSPNSR
 
Amd §612, Tax L
 
Provides a personal income tax deduction for long term care insurance riders under life insurance policies.
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A08456 Actions:

BILL NOA08456
 
07/08/2019referred to ways and means
01/08/2020referred to ways and means
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A08456 Committee Votes:

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A08456 Floor Votes:

There are no votes for this bill in this legislative session.
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A08456 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8456
 
                               2019-2020 Regular Sessions
 
                   IN ASSEMBLY
 
                                      July 8, 2019
                                       ___________
 
        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 43 to read as follows:
     3    (43)  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.
                                                                   LBD13432-01-9
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