2025-2026 Regular SessionNew York Legislature

A07654

Legislative Summary

Raises tax credits for long-term care insurance from twenty percent to fifty percent; applies to the corporation tax, franchise tax on business corporations, personal income tax, and franchise tax on insurance corporations.

Demographic Impact

Overall analysis of equity impact

Neutral
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

4/4/2025
referred to ways and means
Assembly

Status Information

Current Status
Introduced(4/4/2025)
Chamber
Assembly
Committee
Ways and Means(Assembly)

Sponsors

Democrat: 2
Republican: 1

Primary Sponsor

Steve Stern
Steve Stern
Democrat

Documents

Introduced
Bill Text4/4/20255.1 KB