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

                                  3770

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2015
                               ___________

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 SIXTEEN, THE GROSS INCOME OF A RESI-
DENT 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 SUBDIVISION 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, 2017.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02244-01-5