S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2037
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 13, 2011
                                      ___________
       Introduced  by M. of A. TEDISCO, BUTLER, RAIA, THIELE -- Multi-Sponsored
         by -- M. of A.  CONTE,  HAWLEY,  McKEVITT,  SPANO  --  read  once  and
         referred to the Committee on Ways and Means
       AN  ACT  to  amend the tax law, in relation to establishing an exemption
         from the state personal income tax for certain  veterans  seventy-five
         years of age or older
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 601 of the tax law  is  amended  by  adding  a  new
    2  subsection (g) to read as follows:
    3    (G) EXEMPT VETERANS. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE
    4  CONTRARY,  A TAXPAYER SHALL BE EXEMPT FROM THE TAX UNDER THIS ARTICLE IF
    5  HE OR SHE IS A VETERAN OF THE ARMED FORCES  OF  THE  UNITED  STATES,  AS
    6  DEFINED  IN  SECTION THIRTEEN-A OF THE GENERAL CONSTRUCTION LAW, WITH AN
    7  ANNUAL TOTAL GROSS INCOME OF LESS THAN FORTY  THOUSAND  DOLLARS  AND  IS
    8  SEVENTY-FIVE YEARS OF AGE OR OLDER.
    9    S 2. This act shall take effect immediately and shall apply to taxable
   10  years  beginning  on  or  after the first of January next succeeding the
   11  date on which it shall have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02198-01-1