Senate Bill S5995

2021-2022 Legislative Session

Exempts veterans eighty-five years of age and older from the obligation to pay New York state income tax

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Budget And Revenue 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

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2021-S5995 (ACTIVE) - Details

See Assembly Version of this Bill:
A5033
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §601, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10098
2011-2012: A1302
2013-2014: A332
2015-2016: A3770
2017-2018: A1565
2019-2020: A1941
2023-2024: S4872, A2050

2021-S5995 (ACTIVE) - Summary

Exempts veterans eighty-five years of age and older from the obligation to pay New York state income tax.

2021-S5995 (ACTIVE) - Sponsor Memo

2021-S5995 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5995
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 25, 2021
                                ___________
 
 Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 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 TWENTY, 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.
   §  2.  This  act  shall take effect immediately and shall apply to all
 taxable years beginning on or after January 1, 2023.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02169-01-1

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