In order to find this, we need to first find the slope. The slope of the equation will match the line it is parallel to. Since the first line has a slope of 1/2 (the coefficient of x), we know our new line will too. Now that we have that information start with the basic form of point-slope form.
y - y1 = m(x - x1)
Now put the slope in for m and the point in for (x1, y1)