A03493 Summary:
| BILL NO | A03493 |
| SAME AS | No Same As |
| SPONSOR | Santabarbara |
| COSPNSR | |
| MLTSPNSR | |
| Amd §612, Tax L | |
| Includes pensions from a defined benefit plan in the exclusion from federal adjusted gross income. | |
A03493 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 3493 2025-2026 Regular Sessions IN ASSEMBLY January 28, 2025 ___________ Introduced by M. of A. SANTABARBARA -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to including pensions from a defined benefit plan in the exclusion from federal adjusted gross income The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 3 of subsection (c) of section 612 of the tax law 2 is amended by adding a new subparagraph (iii) to read as follows: 3 (iii) Pensions from a defined benefit plan, to the extent includible 4 in gross income for federal income tax purposes; 5 § 2. This act shall take effect immediately and shall apply to taxable 6 years beginning on and after such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06677-01-5