Senate Bill S8108

2023-2024 Legislative Session

Establishes a veteran tax deduction

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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

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2023-S8108 (ACTIVE) - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L

2023-S8108 (ACTIVE) - Summary

Establishes a veteran tax deduction.

2023-S8108 (ACTIVE) - Sponsor Memo

2023-S8108 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8108
 
                             I N  S E N A T E
 
                              January 8, 2024
                                ___________
 
 Introduced  by Sen. SCARCELLA-SPANTON -- read twice and ordered printed,
   and when printed to be committed to the Committee on Budget and Reven-
   ue
 
 AN ACT to amend the tax law, in relation to a veteran tax deduction
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1. Subsection (c) of section 612 of the tax law is amended by
 adding a new paragraph 47 to read as follows:
   (47) IN THE CASE OF A TAXPAYER WHO IS A VETERAN, AN  AMOUNT  EQUAL  TO
 SIX THOUSAND DOLLARS. FOR THE PURPOSES OF THIS SECTION, THE TERM "VETER-
 AN"  SHALL  HAVE  THE  SAME  MEANING  AS DEFINED IN SUBDIVISION THREE OF
 SECTION ONE OF THE VETERANS' SERVICES LAW.
   § 2. This act shall take effect immediately and  shall  apply  to  all
 taxable years beginning on or after January 1, 2024.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13595-01-3

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