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NY A01392
Bill
Status
Introduced
1/5/2011
Primary Sponsor
Felix Ortiz
Click for details
AI Summary
- Amends New York Tax Law Section 612 to add a new exemption for retired military personnel
- Exempts 50 percent of money received under Military Law Section 215 (military retirement allowance) from state taxation
- Applies only to taxpayers employed an average minimum of 25 hours per week during the taxable year
- Takes effect immediately upon enactment and applies to all taxable years after the effective date
Legislative Description
Provides an exemption of fifty percent of a retired military employee's retirement allowance if such person has been employed, on average, twenty-five hours per week.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means1/5/2011
Full Bill Text
No bill text available