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Bill

A 1048

Provides for an increased personal income tax deduction for medical expenses incurred by a New York taxpayer

2025 Regular Session Introduced by Phil Ramos

A1048 would increase New York's personal income tax deduction for medical expenses, helping NY individual taxpayers who itemize medical deductions once enacted.

REFERRED TO WAYS AND MEANS
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WeVote Research Nonpartisan
Bill Summary · A 1048

Summary of Assembly Bill A 1048 (New York)

Overview

  • Bill number: A 1048
  • Title: Provides for an increased personal income tax deduction for medical expenses incurred by a New York taxpayer
  • Status: Referred to the Assembly Ways and Means Committee
  • Introduced: January 8, 2025
  • Primary sponsor: Philip Ramos
  • Related bills (prior sessions): A 4428, A 6141, A 4680, A 4693, A 4233, A 4765, A 7162, A 4191, A 3916

What the bill would do

  • The measure proposes to increase the personal income tax deduction for medical expenses incurred by a New York taxpayer.
  • The information provided does not include specific details on how the deduction would be increased (e.g., new deduction amount, percentage, floor/ceiling, phase-ins, or cap). The exact mechanism, eligibility criteria, and interaction with existing New York tax rules would be contained in the bill’s text.

Key provisions (as currently known)

  • The core concept is an enhancement to the state medical expense deduction.
  • No explicit figures (dollar amounts, percentages, thresholds) are provided in the summary available.

Who would be affected

  • New York state individual taxpayers who incur medical expenses and would benefit from a larger deduction on their New York personal income tax.
  • Taxpayers who itemize deductions or otherwise claim medical expense deductions on their New York return would be affected, subject to the specific rules established by the bill.

Procedural and timeline aspects

  • Current stage: Referred to the Assembly Ways and Means Committee, indicating the bill is being considered for fiscal and policy analysis.
  • Next steps: If advanced, it would typically proceed to committee hearings, potential amendments, and votes in the Assembly; if passed, it could move to the Senate and potentially a conference or enactment process. The bill’s effective date and any sunset or transition provisions would be specified in the enacted text.

Fiscal impact and administration

  • A fiscal note would be prepared if/when the bill moves forward, outlining expected revenue effects for New York State and any administrative considerations for the Department of Taxation and Finance.

Context and significance

  • The bill aligns with ongoing efforts in various sessions to expand tax relief for medical costs. The existence of multiple related bills in prior sessions suggests continued interest in broadening medical expense deductions.

Monitoring

  • Watch for: committee hearings and amendments in Ways and Means, release of a fiscal impact note, and any companion Senate measure or enacted language clarifying amounts, thresholds, and effective dates.

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

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