S T A T E   O F   N E W   Y O R K
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                                  1603

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 12, 2015
                               ___________

Introduced  by M. of A. MONTESANO, RAIA, FINCH -- 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:

  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  DECEM-
BER  THIRTY-FIRST,  TWO THOUSAND FIFTEEN, A RESIDENT INDIVIDUAL SHALL BE
ALLOWED AN ADDITIONAL NEW YORK EXEMPTION OF SIX  HUNDRED  FIFTY  DOLLARS
FOR  EACH DEPENDENT (AS DEFINED IN THIS SUBSECTION) WHO IS OF THE AGE OF
SIXTY-FIVE OR OLDER, WHOSE GROSS INCOME FOR THE CALENDAR YEAR  IN  WHICH
THE TAXABLE YEAR OF THE TAXPAYER BEGINS IS NOT MORE THAN FIFTEEN HUNDRED
DOLLARS.  FOR THE PURPOSES OF THIS SUBSECTION THE TERM "DEPENDENT" SHALL
MEAN  ANY  OF THE FOLLOWING INDIVIDUALS OVER ONE-HALF WHOSE SUPPORT, FOR
THE CALENDAR YEAR IN WHICH THE TAXABLE YEAR OF THE TAXPAYER  BEGINS  WAS
RECEIVED FROM THE TAXPAYER:
  (1) THE FATHER OR MOTHER OF THE TAXPAYER;
  (2) A STEPFATHER OR STEPMOTHER OF THE TAXPAYER;
  (3) AN INDIVIDUAL (OTHER THAN AN INDIVIDUAL WHO AT ANY TIME DURING THE
TAXABLE  YEAR  WAS THE SPOUSE) WHO FOR THE TAXABLE YEAR OF THE TAXPAYER,
HAS AS HIS PRINCIPAL PLACE OF ABODE THE HOME OF THE TAXPAYER  AND  IS  A
MEMBER OF THE TAXPAYER'S HOUSEHOLD.
  S 2.  This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05112-01-5