A 8642 New York Assembly · 2025 Regular Session

Enacts the "NYS health care tax reform act"

Summary

Enacts the "NYS health care tax reform act"; establishes a public goods and medicaid subsidy surcharge on insurance corporations; establishes a public goods and medicaid subsidy surcharge on business corporations; establishes a public goods and medicaid subsidy surcharge on pass-through entities; relates to filing fee surcharges; relates to revenues to be included in the health care reform act resources fund; establishes a public goods and medicaid surcharge on misclassified workers.

Bill status in committee 1 of 4 stages cleared

Introduction

May 2025

Committee Review

Floor Vote

Governor

Introduced May 22, 2025 Last action Mar 10, 2026

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What changed between versions

A8642 → A8642A · 2 edits

MINOR

The bill was amended to expand its intent by explicitly including subsidies for the state's share of Medicaid payments as a public good that must be preserved if health care taxes are repealed. Additionally, a minor formatting correction was made to the bill's title.

Scope change

The scope of the bill's intent was broadened to explicitly cover Medicaid state share subsidies, whereas the original version only listed indigent care grants and malpractice insurer subsidies.

FISCAL

Added explicit language requiring the preservation of subsidies for the state's share of Medicaid payments if the current health care taxes are repealed.

TECHNICAL

Corrected the bill number in the header from 'A 8642' to 'A 8642--A' to reflect its amended status.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 10, 2026

Lower · Passed

PRINT NUMBER 8642A

lower

Mar 10, 2026

Lower · Passed

AMEND AND RECOMMIT TO HEALTH

lower

Jan 7, 2026

Committee

REFERRED TO HEALTH

lower

May 22, 2025

Committee

REFERRED TO HEALTH

lower

1 primary · 22 co-sponsors