NY A00335

Removes the previous time limitation (October 1, 1961 to September 1, 1962) and $100 monthly cap on military service compensation deductions.

Exempts active military service compensation from New York State adjusted gross income if the taxpayer maintained a permanent residence in New York and served outside the state for at least 90 days during the taxable year.

Exempts compensation if the taxpayer maintained a permanent place of abode outside New York for the entire taxable year while in active service.

Exempts compensation if the taxpayer maintained a New York abode other than their permanent address while in active service, including military barracks, bachelor's quarters, or naval vessels.

Applies to taxable years beginning on or after January 1, 2014, effective immediately upon enactment.