New York S04847 amends the tax law to allow a deduction for expenses up to $500 for early intervention supplies paid by qualified personnel or.

New York S04847 amends the tax law by adding a new paragraph allowing a tax deduction for expenses not exceeding $500 for early intervention supplies. These expenses must be paid by eligible qualified personnel or an eligible service coordinator. The deduction applies to supplies actually used and useful, to the extent not reimbursed. The bill defines early intervention supplies as books, supplies, and other equipment and materials used by these professionals in their duties. The amendment takes effect immediately and applies to taxable years beginning on or after January 1, 2027.

New York S04847 amends the tax law to allow a deduction for expenses up to $500 for early intervention supplies paid by qualified personnel or.

New York S04847 amends the tax law by adding a new paragraph allowing a tax deduction for expenses not exceeding $500 for early intervention supplies. These expenses must be paid by eligible qualified personnel or an eligible service coordinator. The deduction applies to supplies actually used and useful, to the extent not reimbursed. The bill defines early intervention supplies as books, supplies, and other equipment and materials used by these professionals in their duties. The amendment takes effect immediately and applies to taxable years beginning on or after January 1, 2027.