Senate Bill S4872

2023-2024 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

Current 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2023-S4872 (ACTIVE) - Details

See Assembly Version of this Bill:
A2050
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
2021-2022: S5995, A5033

2023-S4872 (ACTIVE) - Summary

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

2023-S4872 (ACTIVE) - Sponsor Memo

2023-S4872 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4872
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 16, 2023
                                ___________
 
 Introduced  by  Sen.  ASHBY  -- 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-TWO, 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.
   §  2.  This  act  shall take effect immediately and shall apply to all
 taxable years beginning on or after January 1, 2025.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02899-01-3

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.