A270-2011 Actions

• Jun 19, 2012: held for consideration in ways and means
• Jan 4, 2012: referred to ways and means
• Jan 5, 2011: referred to ways and means

A270-2011 Text

                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

                                     270

                         2011-2012 Regular Sessions

                            I N  ASSEMBLY

                                 (PREFILED)

                               January 5, 2011
                                 ___________

  Introduced  by  M.  of A. MONTESANO, KOLB, BURLING, OAKS, HAYES, HAWLEY,
    SALADINO, RAIA, McDONOUGH, CALHOUN, McKEVITT -- Multi-Sponsored by  --
    M.  of  A. BARCLAY, CASTRO, CORWIN, CROUCH, DUPREY, JORDAN, MAYERSOHN,
    MOLINARO, SAYWARD, TEDISCO -- read once and referred to the  Committee
    on Ways and Means

  AN  ACT  to amend the tax law, in relation to the tax credit allowed for
    the premium paid for long-term care insurance

    THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
  BLY, DO ENACT AS FOLLOWS:


    Section 1. Paragraph (a) of subdivision 25-a of section 210 of the tax
  law,  as  amended  by  section 18 of part B of chapter 58 of the laws of
  2004, is amended to read as follows:

    (a) A taxpayer shall be allowed a credit against the  tax  imposed  by
  this  article  equal to [twenty] TWENTY-FIVE percent of the premium paid
  during the taxable year for long-term care insurance. In order to quali-
  fy for such credit, the taxpayer's  premium  payment  must  be  for  the
  purchase  of or for continuing coverage under a long-term care insurance
  policy that qualifies for such credit pursuant to section  one  thousand
  one hundred seventeen of the insurance law.
    S  2. This act shall take effect on the first of January next succeed-
  ing the date on which it shall have become a law and shall apply to  all
  subsequent tax years.



   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD02289-01-1