Senate BillIntroduced
S 5262: Creates an in vitro fertilization treatment tax credit for up to three cycles of in vitro fertilization treatment for expenses related to treatment for infertility.
What S 5262 does, verified January 28, 2026
The bill aims to provide a tax credit for in vitro fertilization (IVF) treatment expenses. A resident taxpayer can claim a credit of up to three cycles of IVF treatment, with the amount equaling 75% of the expenses not covered by insurance, or up to $10,000, whichever is less. The credit will be treated as an overpayment of tax if it exceeds the taxpayer's tax liability, and no interest will be paid on the excess. The tax credit will take effect immediately, and will apply to taxable years beginning on January 1, 2026.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO BUDGET AND REVENUE (2026-01-07)Alert me
Quick answers about S 5262
- What is the current status of S 5262?
- As of January 28, 2026, S 5262 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 BUDGET AND REVENUE".
- Did S 5262 pass?
- Not yet. S 5262 has been introduced and has not passed either house.
- Who wrote S 5262, and where is it now?
- S 5262 was authored by Sen. Jacob Ashby with 3 coauthors. Its committee of record is Senate Budget & Revenue.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO BUDGET AND REVENUE |
| Feb. 20, 2025 | REFERRED TO BUDGET AND REVENUE |
Latest bill textIntroduced version, February 20, 2025 · 329 words
STATE OF NEW YORK ________________________________________________________________________ 5262 2025-2026 Regular Sessions IN SENATE February 20, 2025 ___________ Introduced by Sens. ASHBY, RHOADS, WEBER -- 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 creating an in vitro ferti- lization treatment tax credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 606 of the tax law is amended by adding a new 2 subsection (qqq) to read as follows: 3 (qqq) In vitro fertilization treatment tax credit. (1) A resident 4 taxpayer shall be allowed a credit against the tax imposed by this arti- 5 cle for up to three cycles of in vitro fertilization treatment in an 6 amount equaling seventy-five percent of the expenses related to in vitro 7 fertilization treatment for infertility not covered by insurance paid 8 during the taxable year or ten thousand dollars, whichever is less. If 9 the amount of the credit allowable under this subsection for any taxable 10 year shall exceed the taxpayer's tax for such year, the excess shall be 11 treated as an overpayment of tax to be credited or refunded in accord- 12 ance with the provisions of section six hundred eighty-six of this arti- 13 cle, provided, however, that no interest shall be paid thereon. 14 (2) For the purposes of this subsection, the term "cycle" shall have 15 the same meaning as defined by subparagraph (G) of paragraph three of 16 subsection (s) of section four thousand three hundred three of the 17 insurance law. 18 § 2. This act shall take effect immediately, and shall apply to taxa- 19 ble years beginning on and after January 1, 2026. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05904-01-5
Text of S 5262 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions