S 1853: Provides a tax deduction for fertility preservation services in an amount up to $1,000.

  
  STATE OF NEW YORK ________________________________________________________________________ 1853 2025-2026 Regular Sessions  IN SENATE January 14, 2025 ___________ Introduced by Sen. HINCHEY -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to providing a tax deduction for fertility preservation services The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (c) of section 612 of the tax law is amended by 2 adding a new paragraph 48 to read as follows: 3 (48) The amount of the cost of fertility preservation services up to 4 one thousand dollars, to the extent includable in federal adjusted gross 5 income. For the purposes of this paragraph, "fertility preservation 6 services" shall mean collecting, freezing, preserving, and storing ova. 7 § 2. This act shall take effect immediately and shall apply to taxable 8 years beginning on or after January 1, 2025. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05416-01-5