Assembly BillIntroduced
A 6883: Eliminates the $1500 cap on the maximum amount and the gross income requirement for the long-term care insurance credit.
What A 6883 does, verified January 8, 2026
The bill aims to eliminate the cap on the maximum amount and the gross income requirement for the long-term care insurance credit. This means that individuals who purchase long-term care insurance policies can now claim a credit against their taxes, equal to twenty percent of their premiums paid during the taxable year. The credit is limited to $1,500 and is only available to individuals with a New York adjusted gross income of less than $250,000. The credit can be carried over to the following year if the amount exceeds the taxpayer's tax liability, and it can be deducted from the taxpayer's tax for those years. The bill takes effect immediately and applies to taxable years beginning on January 1, 2025.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to ways and means (2026-01-07)Alert me
Quick answers about A 6883
- What is the current status of A 6883?
- As of January 8, 2026, A 6883 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to ways and means".
- Did A 6883 pass?
- Not yet. A 6883 has been introduced and has not passed either house.
- Who wrote A 6883, and where is it now?
- A 6883 was authored by Asm. James Pretlow. Its committee of record is Assembly Ways & Means.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to ways and means |
| Mar. 18, 2025 | referred to ways and means |
Latest bill textIntroduced version, March 18, 2025 · 347 words
STATE OF NEW YORK ________________________________________________________________________ 6883 2025-2026 Regular Sessions IN ASSEMBLY March 18, 2025 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to eliminating the cap on the maximum amount and the gross income requirement for the long-term care insurance credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 1 of subsection (aa) of section 606 of the tax 2 law, as amended by section 1 of part E of chapter 59 of the laws of 3 2020, is amended to read as follows: 4 (1) Residents. There shall be allowed a credit against the tax imposed 5 by this article in an amount equal to twenty percent of the premiums 6 paid during the taxable year for long-term care insurance. [The credit7amount shall not exceed one thousand five hundred dollars and shall be8allowed only if the amount of New York adjusted gross income required to9be reported on the return is less than two hundred fifty thousand10dollars.] In order to qualify for such credit, the taxpayer's premium 11 payment must be for the purchase of or for continuing coverage under a 12 long-term care insurance policy that qualifies for such credit pursuant 13 to section one thousand one hundred seventeen of the insurance law. If 14 the amount of the credit allowable under this subsection for any taxable 15 year shall exceed the taxpayer's tax for such year, the excess may be 16 carried over to the following year or years and may be deducted from the 17 taxpayer's tax for such year or years. 18 § 2. This act shall take effect immediately and shall apply to taxable 19 years beginning on and after January 1, 2025. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09375-01-5
Text of A 6883 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions