Relating to: income tax credit for in vitro fertilization medical expenses. (FE)

AB 702 creates a new income tax credit for individuals incurring unreimbursed medical expenses related to in vitro fertilization (IVF), directly affecting those who pay for IVF consultations, procedures, or prescribed drugs out-of-pocket. The credit allows a maximum $5,000 annual reduction against state income tax for eligible individuals with adjusted gross income under $100,000 (single) or $200,000 (joint filers). It excludes expenses covered by insurance, travel, lodging, or health savings accounts, and prohibits claiming the same expenses under other tax provisions. The credit must be claimed using forms provided by the state tax department when filing annual returns.