NY A08850

Amends the definition of "income" for the enhanced STAR property tax exemption to exclude distributions from a thrift savings plan established prior to January 1, 1984, in addition to existing exclusions for Individual Retirement Account and Individual Retirement Annuity distributions.

Applies the same thrift savings plan distribution exclusion to the affiliated income calculation for both basic and enhanced STAR credits under tax law.

Maintains existing provisions requiring individuals without filed tax returns to submit statements to the department detailing income sources and amounts.

Takes effect on January 1 following enactment into law.