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A04925 Summary:

Amd §616, Tax L
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.
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A04925 Text:

                STATE OF NEW YORK
                               2021-2022 Regular Sessions
                   IN ASSEMBLY
                                    February 9, 2021
        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.
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