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A 1632

Provides a tax credit for certain durable medical equipment

2025 Regular Session Introduced by David Weprin

Bill A 1632 offers a tax credit for individuals purchasing durable medical equipment, easing costs for those with chronic illnesses or disabilities and their families.

REFERRED TO WAYS AND MEANS
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Bill Summary · A 1632

Summary of Bill A 1632: Tax Credit for Durable Medical Equipment

Bill Overview

  • Bill Number: A 1632
  • Title: Provides a tax credit for certain durable medical equipment
  • Status: Referred to Ways and Means
  • Introduced On: January 10, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill A 1632 is to establish a tax credit aimed at alleviating the financial burden on individuals who require durable medical equipment (DME). This legislation seeks to enhance accessibility to essential medical devices, thereby improving the quality of life for those with chronic illnesses or disabilities.

Key Provisions

  • Tax Credit Eligibility: The bill proposes a tax credit for individuals or families who purchase qualifying durable medical equipment.
  • Definition of Durable Medical Equipment: While the specific definition is not detailed in the provided information, DME typically includes items such as wheelchairs, oxygen equipment, and other devices that assist with daily living activities.
  • Credit Amount: The exact amount of the tax credit has not been specified in the current version of the bill. Further details may be outlined in subsequent legislative discussions or amendments.
  • Implementation Timeline: The bill is currently in the early stages of the legislative process, having been referred to the Ways and Means Committee for further consideration.

Affected Parties

  • Individuals with Medical Needs: The primary beneficiaries of this bill would be individuals who require durable medical equipment due to health conditions, disabilities, or aging-related issues.
  • Families and Caregivers: Families supporting loved ones with medical needs would also benefit from the financial relief provided by the tax credit.
  • Healthcare Providers and Suppliers: Providers of durable medical equipment may see an increase in demand as more individuals can afford necessary items through the tax credit.

Legislative Context

  • Related Bills: Bill A 1632 is related to several prior-session bills, including:
    • S 5017
    • S 3380
    • S 4731
    • S 4122
    • A 6251
    • S 5098 (companion bill)

These related bills may provide additional context or similar provisions regarding tax credits or healthcare support.

Next Steps

As of now, Bill A 1632 has been referred to the Ways and Means Committee, where it will undergo further review and discussion. Stakeholders and interested parties may wish to monitor the bill's progress and participate in any public hearings or discussions that may arise as it moves through the legislative process.

This summary provides an overview of Bill A 1632, highlighting its intent, provisions, and potential impact on individuals requiring durable medical equipment. Further developments will clarify specific details regarding the tax credit and its implementation.

Compiled from official sources — confirm details with the bill’s official record.

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