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