New York S02402 provides a tax credit for individuals relocating to the state to provide or receive reproductive or gender-affirming care.

New York S02402 establishes a tax credit for individuals relocating to the state to provide or receive reproductive or gender-affirming care. This credit applies to healthcare providers and patients relocating from states with more restrictive laws. The credit is $500 and can be claimed on the individual income tax return for the year of relocation. If the credit exceeds the tax liability, the excess may be refunded. The credit takes effect immediately for taxable years beginning on and after January 1, 2025.

New York S02402 provides a tax credit for individuals relocating to the state to provide or receive reproductive or gender-affirming care.

New York S02402 establishes a tax credit for individuals relocating to the state to provide or receive reproductive or gender-affirming care. This credit applies to healthcare providers and patients relocating from states with more restrictive laws. The credit is $500 and can be claimed on the individual income tax return for the year of relocation. If the credit exceeds the tax liability, the excess may be refunded. The credit takes effect immediately for taxable years beginning on and after January 1, 2025.