Bill Text: NY S00122 | 2011-2012 | General Assembly | Introduced

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Bill Title: Authorizes the commissioner of health to adopt policies to exclude certain non-recurring items from income that would artificially inflate the availability of funds to meet current needs relating to eligibility for the program for elderly pharmaceutical insurance coverage.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-06-05 - REPORTED AND COMMITTED TO FINANCE [S00122 Detail]

Download: New_York-2011-S00122-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          122
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced  by  Sen.  DIAZ  --  read twice and ordered printed, and when
         printed to be committed to the Committee on Aging
       AN ACT to amend the elder law, in relation to policies excluding certain
         non-recurring items from income for purposes of the program for elder-
         ly pharmaceutical insurance coverage
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 3 of section 241 of the elder law is amended to
    2  read as follows:
    3    3. "Income" shall mean "household gross income" as defined in the real
    4  property  tax  circuit  breaker credit program, pursuant to subparagraph
    5  [(C)] (C) of paragraph one of subsection (e) of section six hundred  six
    6  of  the tax law, but only shall include the income of program applicants
    7  and spouses and shall exclude the income of other members of the  house-
    8  hold;  PROVIDED,  HOWEVER,  THAT THE PANEL MAY ADOPT POLICIES TO EXCLUDE
    9  FROM INCOME CERTAIN NON-RECURRING ITEMS THAT WOULD ACT  TO  ARTIFICIALLY
   10  INFLATE  THE  AVAILABILITY OF FUNDS TO MEET CURRENT NEEDS INCLUDING, BUT
   11  NOT LIMITED TO, A RETIREE'S PREVIOUS  YEAR'S  WAGES,  AND  NON-RECURRING
   12  DISTRIBUTIONS FROM AN INDIVIDUAL RETIREMENT ACCOUNT.
   13    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03235-01-1