New York A03051 creates a tax credit for up to three cycles of in vitro fertilization treatment for infertility.

New York A03051 amends the tax law to create an in vitro fertilization treatment tax credit. This credit allows a resident taxpayer to claim a credit for up to three cycles of in vitro fertilization treatment, equal to 75% of the expenses related to the treatment for infertility not covered by insurance. The credit is capped at $10,000 per taxable year. If the credit exceeds the taxpayer's tax for the year, the excess will be treated as an overpayment of tax and credited or refunded, without interest.

New York A03051 creates a tax credit for up to three cycles of in vitro fertilization treatment for infertility.

New York A03051 amends the tax law to create an in vitro fertilization treatment tax credit. This credit allows a resident taxpayer to claim a credit for up to three cycles of in vitro fertilization treatment, equal to 75% of the expenses related to the treatment for infertility not covered by insurance. The credit is capped at $10,000 per taxable year. If the credit exceeds the taxpayer's tax for the year, the excess will be treated as an overpayment of tax and credited or refunded, without interest.