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A 2033 New York Assembly · 2025 Regular Session

Establishes a deferred compensation health insurance premium deduction

Summary
Establishes a tax deduction for a taxpayer who is a beneficiary of a deferred compensation plan and who elects to make a distribution of such deferred compensation in order to pay for qualified health insurance premiums, in an amount equal to six thousand dollars.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for health insurance premiums using deferred compensation, providing tax relief to eligible taxpayers under state tax policy.85% confidence ✓ HealthcareSupports HealthcareProvides tax deduction for health insurance premiums, reducing out-of-pocket costs and improving affordability for individuals with deferred compensation plans.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2025 Last action Jan 7, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
Jan 14, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 13 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Robert Smullen
Robert Smullen
RRepublican
NY
118
Co
Photo of Ari Brown
Ari Brown
RRepublican
NY
20
Co
Photo of Brian Maher
Brian Maher
RRepublican/Conservative
NY
101
Co
Photo of Brian Manktelow
Brian Manktelow
RRepublican
NY
130
Co
Photo of Dave McDonough
Dave McDonough
RRepublican
NY
14
Co
Photo of Joe Angelino
Joe Angelino
RRepublican/Conservative/Independence
NY
121
Co
Photo of Joe DeStefano
Joe DeStefano
RRepublican/Conservative
NY
3
Co
Photo of John Lemondes
John Lemondes
RRepublican/Conservative/Independence
NY
126
Co
Photo of John Mikulin
John Mikulin
RRepublican
NY
17
Co
Photo of Karl Brabenec
Karl Brabenec
RRepublican
NY
98
Co
Photo of Ken Blankenbush
Ken Blankenbush
RRepublican
NY
117