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NY A05114
Bill
Status
2/10/2009
Primary Sponsor
James Bacalles
Click for details
AI Summary
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Establishes a $10,000 New York personal income tax exemption for resident individuals who care for a dependent parent or grandparent age 65 or older in their principal residence for at least 180 days per taxable year, provided they claim the dependent on their federal return
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Establishes an additional $10,000 New York personal income tax exemption for resident individuals who care for a dependent child, parent, or grandparent with a terminal illness in their principal residence for at least 180 days per taxable year, provided they claim the dependent on their federal return
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Limits married couples filing separately under New York law but jointly under federal law to claiming only one of the additional exemptions between them, at their option
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Takes effect January 1 of the year following enactment and applies to all taxable years commencing on or after that date
Legislative Description
An act to amend the tax law, in relation to establishing additional personal income tax exemptions for resident individuals who care for a parent or grandparent over 65 years of age in such individual's household, and for resident individuals who care for a child, parent or grandparent with a terminal illness in such individual's household
Last Action
held for consideration in ways and means
7/1/2010