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NY A08422

Bill

Official Source

Status

Introduced

1/15/2014

Primary Sponsor

Michael Montesano

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Adds new exemption of $650 per qualifying dependent to New York State personal income tax for taxable years beginning after December 31, 2013
  • Dependent must be age 65 or older with gross income not exceeding $1,500 for the calendar year
  • Qualifying dependents include parents, stepparents, or household members (other than spouse) whose support is provided more than one-half by the taxpayer
  • 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

6/17/2014

Committee Referrals

Ways and Means1/15/2014

Full Bill Text

No bill text available