Bill Text: NY A03079 | 2023-2024 | 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) 2024-01-03 - referred to ways and means [A03079 Detail]

Download: New_York-2023-A03079-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          3079

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 2, 2023
                                       ___________

        Introduced  by  M.  of  A.  BLUMENCRANZ -- 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 twenty-three, a resident individual shall
     6  be 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 the
    17  taxable  year  was the spouse) who for the taxable year of the taxpayer,
    18  has as his principal place of abode the home of the taxpayer  and  is  a
    19  member of the taxpayer's household.
    20    § 2.  This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06888-01-3