New York A 2681: Creates a tax credit for businesses that develop a "college to work" program, paying the tuition of individuals in exchange for future employment

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A02681 Summary:

BILL NOA02681 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORBores

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add Art 33-C §1580, Tax L

&nbsp

Requires residents to maintain minimum essential coverage health insurance in the state of New York or pay a tax for failing to do so; provides that such funds be used for the NY State of Health marketplace.

Go to top A02681 Actions:

BILL NOA02681 

&nbsp

01/22/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA02681 Committee&nbspVotes:

Go to topA02681 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA02681 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2681

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 22, 2025
 ___________

 Introduced by M. of A. BORES -- read once and referred to the Committee
 on Ways and Means

 AN ACT to amend the tax law, in relation to requiring persons maintain
 minimum essential coverage

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. This act shall be known and may be cited as the "health
 2 PACT (personal accountability for care and treatment) act".
 3 § 2. The tax law is amended by adding a new article 33-C to read as
 4 follows:
 5 ARTICLE 33-C
 6 SHARED RESPONSIBILITY TAX
 7 Section 1580. Shared responsibility tax.
 8 § 1580. Shared responsibility tax. 1. Definitions. For the purposes of
 9 this section, the following terms shall have the following meanings:
 10 (a) "Applicable individual" shall have the same meaning as defined in
 11 section 5000A(d) of the Internal Revenue Service Code of 1986.
 12 (b) "Minimum essential coverage" shall have the same meaning as
 13 defined in section 5000A(f) of the Internal Revenue Service Code of
 14 1986.
 15 2. Requirement to maintain minimum essential coverage. Every applica-
 16 ble individual shall maintain minimum essential coverage for each month
 17 beginning after December thirty-first, two thousand twenty-four.
 18 3. Shared responsibility payment penalty imposed for failing to main-
 19 tain minimum essential coverage. As of January first, two thousand twen-
 20 ty-six, every applicable individual required to file a personal income
 21 tax return pursuant to section six hundred one of this chapter, shall
 22 indicate on the return, in a manner to be prescribed by the commission-
 23 er, whether and for what period of time during the relevant tax year the
 24 individual and such individual's spouse and dependents who are applica-
 25 ble individuals were covered by minimum essential coverage. If a return

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04189-01-5

 A. 2681 2

 1 submitted pursuant to this subdivision fails to indicate that coverage
 2 was in force or indicates that any applicable individuals did not have
 3 coverage in force, a shared responsibility payment penalty shall hereby
 4 be assessed as a tax on the return.
 5 4. Shared responsibility payment penalty calculation. Except as
 6 provided in subdivision five of this section, the shared responsibility
 7 payment penalty imposed in any taxable year shall be equal to a taxpay-
 8 er's federal shared responsibility payment for the taxable year of two
 9 thousand fifteen under section 5000A of the Internal Revenue Code of
 10 1986.
 11 5. Exceptions. (a) Penalty cap. The amount of the shared responsibil-
 12 ity payment penalty imposed under this section shall be determined, if
 13 applicable, using the statewide average premium for bronze-level plans
 14 offered through the NY State of Health health benefits exchange.
 15 (b) Hardship exemption determinations. Determinations as to hardship
 16 exemptions pursuant to section two hundred sixty-eight-e of the public
 17 health law.
 18 (c) Religious conscience exemption determinations. Determinations as
 19 to religious conscience exemptions pursuant to section two hundred
 20 sixty-eight-e of the public health law.
 21 (d) Taxpayers with gross income below state filing threshold. No
 22 penalty shall be imposed under this section with respect to any applica-
 23 ble individual for any month during a calendar year if the taxpayer's
 24 household income