Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 06, 2010 |
referred to investigations and government operations |
Feb 23, 2009 |
referred to investigations and government operations |
Senate Bill S2508
2009-2010 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-S2508 (ACTIVE) - Details
2009-S2508 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2508 TITLE OF BILL : An act to amend the tax law, in relation to providing an additional personal income tax exemption to an individual taxpayer who cares for a parent or immediate family member, seventy years of age or older, residing in the household of the taxpayer PURPOSE : To encourage through a tax exemption, family members of the elderly to care for their aging relatives at home to avoid costly institutionalization. SUMMARY OF SPECIFIC PROVISIONS : Section 1 -- Adds a subsection (c) to section 616 of the tax law. Provides a tax exemption to taxpayers who care for elderly relative at home. Section 2 -- Effective date. JUSTIFICATION : Quite often the elderly are unable to live independently because of poor health or an inability to manage all aspects of their lives on their own. Family members cannot always afford to care for them in their homes. Families are presented with the dilemma of prohibitively expensive professional care or trying to cope with providing that care
2009-S2508 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2508 2009-2010 Regular Sessions I N S E N A T E February 23, 2009 ___________ Introduced by Sen. DeFRANCISCO -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to providing an additional personal income tax exemption to an individual taxpayer who cares for a parent or immediate family member, seventy years of age or older, residing in the household of the taxpayer THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 616 of the tax law is amended by adding a new subsection (c) to read as follows: (C) ADDITIONAL EXEMPTION. IN ADDITION TO THE EXEMPTION PROVIDED FOR IN SUBSECTION (A) OF THIS SECTION FOR TAXABLE YEARS BEGINNING AFTER JANUARY FIRST, TWO THOUSAND TEN, A RESIDENT INDIVIDUAL SHALL BE ALLOWED AN ADDITIONAL NEW YORK EXEMPTION OF ONE THOUSAND DOLLARS FOR EACH DEPENDENT WHO IS OF THE AGE OF SEVENTY OR OLDER, WHOSE GROSS INCOME FOR THE TAXABLE YEAR IS NOT MORE THAN FIVE THOUSAND DOLLARS, OR IN THE CASE OF A HUSBAND AND WIFE WHERE INCOME IS DETERMINED JOINTLY, WHOSE GROSS INCOME IS NOT MORE THAN SEVEN THOUSAND FIVE HUNDRED DOLLARS. FOR THE PURPOSES OF THIS SUBSECTION THE TERM "DEPENDENT" SHALL MEAN ANY OF THE FOLLOWING INDIVIDUALS FOR WHOM OVER ONE-HALF OF THE SUPPORT FOR THE TAXABLE YEAR WAS RECEIVED FROM THE TAXPAYER, AND WHO HAVE RESIDED IN THE PRINCIPAL RESIDENCE OF THE TAXPAYER FOR MORE THAN NINE MONTHS OF SUCH TAXABLE YEAR: (1) IMMEDIATE FAMILY MEMBER OR SIBLING OF THE TAXPAYER; (2) THE MOTHER OR FATHER OF THE TAXPAYER; OR (3) THE STEPMOTHER OR STEPFATHER OF THE TAXPAYER. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09111-01-9
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