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NY A02310
Bill
Status
1/18/2011
Primary Sponsor
Aileen Gunther
Click for details
AI Summary
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Adds a $1,000 additional New York personal income tax exemption for each qualifying dependent age 70 or older beginning in tax years after January 1, 2012
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Dependent must have gross income not exceeding $5,000 annually, or $7,500 for married couples filing jointly
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Qualifier must receive more than one-half of their support from the taxpayer and reside in the taxpayer's principal residence for more than nine months of the tax year
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Eligible dependents include immediate family members, siblings, mothers, fathers, stepmothers, or stepfathers of the taxpayer
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Effective immediately upon enactment
Legislative Description
Provides an additional personal income tax exemption for an individual taxpayer who provides more than one-half of the support for a parent, stepparent, immediate family member or sibling who is 70 years of age or over and who resides with the taxpayer.
Last Action
held for consideration in ways and means
6/19/2012