S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4925
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 9, 2021
                                ___________
 
 Introduced by M. of A. MONTESANO, ASHBY -- 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 TWENTY-ONE, 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.
   § 2.  This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08498-01-1