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.
STATE OF NEW YORK
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4925
2021-2022 Regular Sessions
IN ASSEMBLY
February 9, 2021
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Introduced by M. of A. MONTESANO, ASHBY -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to personal exemptions of resi-
dent individuals
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 616 of the tax law is amended by adding a new
2 subsection (c) to read as follows:
3 (c) Additional exemption. In addition to the exemption provided for in
4 subsection (a) of this section for taxable years beginning after Decem-
5 ber thirty-first, two thousand twenty-one, a resident individual shall
6 be allowed an additional New York exemption of six hundred fifty dollars
7 for each dependent (as defined in this subsection) who is of the age of
8 sixty-five or older, whose gross income for the calendar year in which
9 the taxable year of the taxpayer begins is not more than fifteen hundred
10 dollars. For the purposes of this subsection the term "dependent" shall
11 mean any of the following individuals over one-half whose support, for
12 the calendar year in which the taxable year of the taxpayer begins was
13 received from the taxpayer:
14 (1) the father or mother of the taxpayer;
15 (2) a stepfather or stepmother of the taxpayer;
16 (3) an individual (other than an individual who at any time during the
17 taxable year was the spouse) who for the taxable year of the taxpayer,
18 has as his principal place of abode the home of the taxpayer and is a
19 member of the taxpayer's household.
20 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08498-01-1
