Bill Text: NY A02029 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides additional personal exemption of $650 for each dependent who is 65 years of age or older and whose gross income for the calendar year is not more than $1500.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2012-06-19 - held for consideration in ways and means [A02029 Detail]

Download: New_York-2011-A02029-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2029
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 13, 2011
                                      ___________
       Introduced by M. of A. REILICH, KOLB, FINCH -- read once and referred to
         the Committee on Ways and Means
       AN ACT to amend the tax law, in relation to personal exemptions of resi-
         dent individuals
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 616 of the tax law  is  amended  by  adding  a  new
    2  subsection (c) to read as follows:
    3    (C) ADDITIONAL EXEMPTION. IN ADDITION TO THE EXEMPTION PROVIDED FOR IN
    4  SUBSECTION  (A) OF THIS SECTION FOR TAXABLE YEARS BEGINNING AFTER DECEM-
    5  BER THIRTY-FIRST, TWO THOUSAND ELEVEN, A RESIDENT  INDIVIDUAL  SHALL  BE
    6  ALLOWED  AN  ADDITIONAL  NEW YORK EXEMPTION OF SIX HUNDRED FIFTY DOLLARS
    7  FOR EACH DEPENDENT (AS DEFINED IN THIS SUBSECTION) WHO IS OF THE AGE  OF
    8  SIXTY-FIVE  OR  OLDER, WHOSE GROSS INCOME FOR THE CALENDAR YEAR IN WHICH
    9  THE TAXABLE YEAR OF THE TAXPAYER BEGINS IS NOT MORE THAN FIFTEEN HUNDRED
   10  DOLLARS.  FOR THE PURPOSES OF THIS SUBSECTION THE TERM "DEPENDENT" SHALL
   11  MEAN ANY OF THE FOLLOWING INDIVIDUALS OVER ONE-HALF WHOSE  SUPPORT,  FOR
   12  THE  CALENDAR  YEAR IN WHICH THE TAXABLE YEAR OF THE TAXPAYER BEGINS WAS
   13  RECEIVED FROM THE TAXPAYER:
   14    (1)  THE FATHER OR MOTHER OF THE TAXPAYER;
   15    (2)  A STEPFATHER OR STEPMOTHER OF THE TAXPAYER;
   16    (3)  AN INDIVIDUAL (OTHER THAN AN INDIVIDUAL WHO AT  ANY  TIME  DURING
   17  THE TAXABLE YEAR WAS THE SPOUSE) WHO FOR THE TAXABLE YEAR OF THE TAXPAY-
   18  ER,  HAS AS HIS PRINCIPAL PLACE OF ABODE THE HOME OF THE TAXPAYER AND IS
   19  A MEMBER OF THE TAXPAYER'S HOUSEHOLD.
   20    S 2.  This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03831-01-1