Enacts the "NYS health care tax reform act"

2025 Regular Session Introduced by Michael Benedetto and 22 co-sponsors

NY A 8642 proposes health care tax reform, changing how health costs are funded and taxed, impacting individuals, employers, providers, insurers, and state programs.

PRINT NUMBER 8642A

A 8642 – NYS Health Care Tax Reform Act

Overview

A 8642 is a New York State Assembly bill introduced on May 22, 2025, titled the “NYS Health Care Tax Reform Act.” The bill’s status is currently REFERRED TO HEALTH, indicating it is at the committee stage within the Assembly's Health Committee. The companion Senate bill is S 8157. The primary sponsor listed is Assemblymember Andrew Hevesi. The legislative actions section shows two identical entries for “2025-05-22: REFERRED TO HEALTH,” which appears to be a duplicated record.

Purpose and Scope

Based on the bill’s title, the stated purpose is to enact a health care tax reform act for New York. The materials provided do not include the full text or specific provisions, so the exact changes to tax policy, rates, credits, exemptions, or funding mechanisms are not specified here. Readers should expect that, once the text is available, provisions could relate to how health care is funded or taxed within New York, potentially influencing individuals, employers, health care providers, or state health programs.

Provisions (Details Not Included)

The actual statutory changes, program disruptions, or new/modified taxes and credits are not listed in the materials provided.

No dollar amounts, percentage changes, or implementation timelines are included at this time.

Procedural Posture and Timeline

Introduced: May 22, 2025

Status: REFERRED TO HEALTH (Assembly Health Committee)

Next expected steps: Committee review, potential hearings, amendments, and votes before advancing to a full Assembly floor vote. If advanced, the bill would proceed to the Senate for consideration, where the companion S 8157 would undergo its own committee process.

Sponsor and Related Legislation

Primary sponsor: Andrew Hevesi

Related/Companion: S 8157 (companion bill in the Senate)

Potential Impact and Stakeholders

Likely affected: individual taxpayers, employers, health care providers, insurers, and state health programs, depending on the final tax reform measures.

Potential outcomes: changes in health care financing, tax burdens or relief related to health care costs, and potential changes to funding for health services or coverage programs.

Next Steps for Readers

Monitor the bill’s text and amendments in the NY Assembly and Senate portals.

Watch for committee hearings, fiscal notes, and impact analyses to understand fiscal implications.

Review the companion Senate bill S 8157 for parallel provisions and cross-chamber progression.

Note: This summary reflects the information provided; the actual bill text will clarify the specific policy changes proposed.