S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   332

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced by M. of A. HAWLEY -- 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:

  Section 1. Subsection (i) of section 601 of the tax law is  relettered
subsection (j) and a new subsection (i) is added to read as follows:
  (I)  VETERANS  OVER  EIGHTY-FIVE  YEARS  OF AGE.   NOTWITHSTANDING THE
PROVISIONS OF SUBSECTIONS (A), (B), (C) AND (D) OF THIS SECTION AND  ANY
OTHER  PROVISION  OF  THIS  ARTICLE,  FOR  TAXABLE YEARS BEGINNING AFTER
DECEMBER THIRTY-FIRST, TWO THOUSAND FOURTEEN,  THE  GROSS  INCOME  OF  A
RESIDENT  INDIVIDUAL  WHO  IS  AT  LEAST  EIGHTY-FIVE YEARS OF AGE AS OF
DECEMBER THIRTY-FIRST OF THE TAXABLE YEAR FOR  WHICH  THE  EXEMPTION  IS
CLAIMED  AND WHO QUALIFIES AS A VETERAN UNDER THE PROVISIONS OF SUBDIVI-
SION THREE OF SECTION THREE HUNDRED FIFTY OF THE EXECUTIVE LAW SHALL  BE
EXEMPT  FROM TAX UNDER THIS ARTICLE REGARDLESS 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 beginning on or after January 1, 2015.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00196-01-3