STATE OF NEW YORK
________________________________________________________________________
2050
2023-2024 Regular Sessions
IN ASSEMBLY
January 23, 2023
___________
Introduced by M. of A. HAWLEY, REILLY, DeSTEFANO, NORRIS, BRABENEC,
SMULLEN, JENSEN, ANGELINO, GALLAHAN, LEMONDES, DURSO, MANKTELOW --
Multi-Sponsored by -- M. of A. DiPIETRO, MIKULIN -- read once and
referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to exempting veterans eighty-
five years of age and older from the obligation to pay New York state
income tax
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subsection (i) of section 601 of the tax law is relettered
2 subsection (j) and a new subsection (i) is added to read as follows:
3 (i) Veterans over eighty-five years of age. Notwithstanding the
4 provisions of subsections (a), (b), (c) and (d) of this section and any
5 other provision of this article, for taxable years beginning after
6 December thirty-first, two thousand twenty-two, the gross income of a
7 resident individual who is at least eighty-five years of age as of
8 December thirty-first of the taxable year for which the exemption is
9 claimed and who qualifies as a veteran under the provisions of subdivi-
10 sion three of section three hundred fifty of the executive law shall be
11 exempt from tax under this article regardless of whether such income is
12 subject to federal income taxation.
13 § 2. This act shall take effect immediately and shall apply to all
14 taxable years beginning on or after January 1, 2025.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02899-01-3
