New York Assembly Bill A04177

New York 2025-2026 Regular Session

• Introduced: 1/31/25
• Refer: 1/31/25
• Refer: 1/7/26

Caption

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

Summary

Bill A04177 proposes an amendment to the New York tax law to allow a tax deduction for fertility preservation services, specifically for costs up to $1,000. The bill defines fertility preservation services as the collection, freezing, preservation, and storage of ova. This measure aims to alleviate some of the financial burdens associated with fertility preservation, which can be significant for individuals and couples looking to maintain their reproductive options.

Impact

If enacted, this bill would create a new tax deduction under New York state law, potentially affecting individuals seeking fertility preservation services. It would provide a financial incentive for those who may otherwise be unable to afford such services, thereby promoting reproductive health and family planning. The amendment would apply to taxable years beginning on or after January 1, 2025, indicating a future implementation date for the deduction.

Sentiment

The general sentiment surrounding Bill A04177 appears to be supportive, as it addresses a growing need for accessible fertility preservation options. However, there may be concerns regarding the fiscal impact of this deduction on state revenue, which could lead to discussions about budget priorities and the allocation of resources.

Contention

Notable points of contention may arise from discussions about the potential cost to the state budget and whether this tax deduction is the best way to support individuals seeking fertility preservation. Some lawmakers may argue that while the intention is positive, the financial implications could be significant, leading to debates among legislators about the prioritization of tax benefits and healthcare funding.