Bill Text: NY A02050 | 2023-2024 | General Assembly | Introduced

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Bill Title: Exempts veterans eighty-five years of age and older from the obligation to pay New York state income tax.

Spectrum: Partisan Bill (Republican 15-0)

Status: (Introduced) 2024-06-07 - held for consideration in ways and means [A02050 Detail]

Download: New_York-2023-A02050-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2050

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 23, 2023
                                       ___________

        Introduced  by  M.  of  A.  HAWLEY, REILLY, DeSTEFANO, NORRIS, BRABENEC,
          SMULLEN, JENSEN, ANGELINO, GALLAHAN,  LEMONDES,  DURSO,  MANKTELOW  --
          Multi-Sponsored  by  --  M.  of  A. DiPIETRO, MIKULIN -- read once and
          referred to the Committee on Ways and Means

        AN ACT to amend the tax law, in relation to exempting  veterans  eighty-
          five  years of age and older from the obligation to pay New York state
          income tax

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. Subsection (i) of section 601 of the tax law is relettered
     2  subsection (j) and a new subsection (i) is added to read as follows:
     3    (i) Veterans over eighty-five  years  of  age.    Notwithstanding  the
     4  provisions  of subsections (a), (b), (c) and (d) of this section and any
     5  other provision of this  article,  for  taxable  years  beginning  after
     6  December  thirty-first,  two  thousand twenty-two, the gross income of a
     7  resident individual who is at least  eighty-five  years  of  age  as  of
     8  December  thirty-first  of  the  taxable year for which the exemption is
     9  claimed and who qualifies as a veteran under the provisions of  subdivi-
    10  sion  three of section three hundred fifty of the executive law shall be
    11  exempt from tax under this article regardless of whether such income  is
    12  subject to federal income taxation.
    13    §  2.  This  act  shall take effect immediately and shall apply to all
    14  taxable years beginning on or after January 1, 2025.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02899-01-3