Loading chat...
NY A02029
Bill
Status
Introduced
1/13/2011
Primary Sponsor
Bill Reilich
Click for details
AI Summary
- Adds a new subsection (c) to Section 616 of the tax law allowing an additional personal exemption of $650 for each qualifying dependent aged 65 or older
- Applies to resident individuals for taxable years beginning after December 31, 2011
- Requires qualifying dependents to have gross income not exceeding $1,500 for the calendar year in which the taxpayer's taxable year begins
- Defines "dependent" as a parent, stepparent, or household member (other than spouse) whose support is provided by the taxpayer for more than one-half the calendar year
- Takes effect immediately upon enactment
Legislative Description
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.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means1/13/2011
Full Bill Text
No bill text available