Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 05, 2010 |
referred to investigations and government operations |
Senate Bill S7014
2009-2010 Legislative Session
Sponsored By
(R) 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-S7014 (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยง601, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S146
2013-2014: S1050
2009-S7014 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7014 TITLE OF BILL : 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 PURPOSE : This bill will exempt veterans eighty-five years of age and older from the obligation to pay New York state income tax. SUMMARY OF SPECIFIC PROVISIONS : Section 1. Section 601 of the tax is amended by adding a new subsection (d-1) to read as follows: (d-1) Notwithstanding the provisions of subsections (a), (b), (c) and (d) of this section, for taxable years beginning after December thirty-first, two thousand ten, the income of any resident individual eighty-five years of age and older who qualifies as a veteran under the provisions of subdivision three of section three hundred fifty of the executive law shall be exempt from taxation under this article regardless of whether such income is subject to federal income taxation. JUSTIFICATION : After serving our country with honor and courage the veterans of New York state who reach the milestone of eighty-five years young, who have given so much to their communities, deserve respect and admiration during these years of their lives.
2009-S7014 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7014 I N S E N A T E March 5, 2010 ___________ Introduced by Sen. MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations 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: Section 1. Section 601 of the tax law is amended by adding a new subsection (d-1) to read as follows: (D-1) NOTWITHSTANDING THE PROVISIONS OF SUBSECTIONS (A), (B), (C) AND (D) OF THIS SECTION, FOR TAXABLE YEARS BEGINNING AFTER DECEMBER THIRTY- FIRST, TWO THOUSAND TEN, THE INCOME OF ANY RESIDENT INDIVIDUAL EIGHTY-FIVE YEARS OF AGE AND OLDER WHO QUALIFIES AS A VETERAN UNDER THE PROVISIONS OF SUBDIVISION THREE OF SECTION THREE HUNDRED FIFTY OF THE EXECUTIVE LAW SHALL BE EXEMPT FROM TAXATION UNDER THIS ARTICLE REGARD- LESS OF WHETHER SUCH INCOME IS SUBJECT TO FEDERAL INCOME TAXATION. S 2. This act shall take effect immediately and shall apply to all taxable years commencing on or after January 1, 2011. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15601-02-0
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