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NY A02426

Bill

Status

Introduced

1/15/2009

Primary Sponsor

Thomas Alfano

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Adds a new additional personal exemption of $650 per dependent for New York resident individuals in taxable years beginning after December 31, 2009
  • Exemption applies only to dependents age 65 or older whose gross income does not exceed $1,500 in the calendar year in which the taxpayer's taxable year begins
  • Defines "dependent" to include parents, stepparents, and household members (other than spouses) whose support is provided by the taxpayer for more than one-half the calendar year
  • Takes effect immediately upon enactment

Legislative Description

An act to amend the tax law, in relation to personal exemptions of resident individuals

Last Action

held for consideration in ways and means

7/1/2010

Committee Referrals

Ways and Means1/15/2009

Full Bill Text

No bill text available