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NY A03770

Bill

Status

Introduced

1/27/2015

Primary Sponsor

Stephen Hawley

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Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Exempts resident individuals who are at least 85 years old as of December 31st of the taxable year and qualify as veterans from New York state income tax
  • Exemption applies regardless of whether the individual's income is subject to federal income taxation
  • Veterans must meet the definition of "veteran" under New York Executive Law Section 350, Subdivision 3
  • Exemption applies to taxable years beginning on or after January 1, 2017
  • Act takes effect immediately upon enactment

Legislative Description

Exempts veterans eighty-five years of age and older from the obligation to pay New York state income tax.

Last Action

held for consideration in ways and means

6/14/2016

Committee Referrals

Ways and Means1/27/2015

Full Bill Text

No bill text available