BILL NUMBER:A10098
TITLE OF BILL: 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
PURPOSE: This bill will exempt veterans eighty-five years of age and
older from the obligation to pay New York state income tax.
SUMMARY OF SPECIFIC PROVISIONS: Section 1. Section 601 of the tax is
amended by adding a new subsection (d-1) to read as follows:
(d-1) Notwithstanding the provisions of subdivisions (a), (b), (c) and
(d) of this section, for taxable years beginning after December thirty-
first, two thousand ten, the income of any resident individual eighty-
five years of age and older who qualifies as a veteran under the
provisions of subdivision three of section three hundred fifty of the
executive law shall be exempt from taxation under this article regard-
less of whether such income is subject to federal income taxation.
JUSTIFICATION: After serving our country with honor and courage the
veterans of New York state who reach the milestone of eighty-five years
young, who have given so much to their communities, deserve respect and
admiration during these years of their lives.
PRIOR LEGISLATIVE HISTORY: None
S T A T E O F N E W Y O R K
________________________________________________________________________
10098
I N A S S E M B L Y
March 4, 2010
___________
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. Section 601 of the tax law is amended by adding a new
subsection (d-1) to read as follows:
(D-1) NOTWITHSTANDING THE PROVISIONS OF SUBDIVISIONS (A), (B), (C) AND
(D) OF THIS SECTION, FOR TAXABLE YEARS BEGINNING AFTER DECEMBER THIRTY-
FIRST, TWO THOUSAND TEN, THE INCOME OF ANY RESIDENT INDIVIDUAL
EIGHTY-FIVE YEARS OF AGE AND OLDER WHO QUALIFIES AS A VETERAN UNDER THE
PROVISIONS OF SUBDIVISION THREE OF SECTION THREE HUNDRED FIFTY OF THE
EXECUTIVE LAW SHALL BE EXEMPT FROM TAXATION UNDER THIS ARTICLE REGARD-
LESS 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 commencing on or after January 1, 2011.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15601-01-0
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