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Assembly Bill A5070

2009-2010 Legislative Session

Provides personal income tax exemption for dependent parent or grandparent, 62 years of age or older, who resides with the taxpayer at least 180 days per year

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Archive: Last Bill Status - In Assembly Committee

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2009-A5070 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยง616, Tax L

2009-A5070 (ACTIVE) - Summary

Provides an additional personal income tax exemption for each dependent parent or grandparent residing in the taxpayer's household who is at least 62 years of age and who resides with the taxpayer at least 180 days per year.

2009-A5070 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5070

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 10, 2009
                               ___________

Introduced  by M. of A. BRODSKY, DINOWITZ, PAULIN, WRIGHT -- Multi-Spon-
  sored by -- M. of A.  GALEF, GOTTFRIED, JOHN, V. LOPEZ, MILLMAN, PHEF-
  FER, SWEENEY -- read once and referred to the Committee  on  Ways  and
  Means

AN ACT to amend the tax law, in relation to providing an exemption to an
  individual  taxpayer    who  takes  care  of  a parent or grandparent,
  sixty-two years of age or older, residing in the household

  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 THE CASE OF AN INDIVIDUAL  WHO    HAS  A
QUALIFIED  PARENT  OR  GRANDPARENT  LIVING  IN THE SAME HOUSEHOLD, THERE
SHALL BE ALLOWED AN ADDITIONAL PERSONAL INCOME TAX  EXEMPTION  FOR  EACH
QUALIFIED PARENT OR GRANDPARENT RESIDING IN THAT HOUSEHOLD. FOR PURPOSES
OF  THIS  SUBSECTION  THE TERM "QUALIFIED PARENT OR GRANDPARENT" MEANS A
PARENT OR GRANDPARENT WHO:
  (1) HAS AS HIS OR HER PRINCIPAL PLACE OF ABODE THE PRINCIPAL RESIDENCE
OF THE TAXPAYER AND IS A MEMBER OF THE  TAXPAYER'S  HOUSEHOLD  FOR  MORE
THAN ONE HUNDRED EIGHTY DAYS OF THE CALENDAR YEAR DURING WHICH THE TAXA-
BLE YEAR OF THE TAXPAYER BEGINS,
  (2)  IS  A DEPENDENT OF THE TAXPAYER (WITHIN THE MEANING GIVEN TO SUCH
TERM BY SUBSECTION (A) OF SECTION ONE HUNDRED FIFTY-TWO OF THE  INTERNAL
REVENUE  CODE  OTHER  THAN  PARAGRAPH  NINE  OF SUCH SUBSECTION FOR SUCH
CALENDAR YEAR), AND
  (3) AT THE CLOSE OF SUCH CALENDAR YEAR, IS SIXTY-TWO YEARS OF  AGE  OR
OLDER.
  S 2. This act shall take effect on the thirty-first of December in the
year  in  which  it  shall  have become a law and shall apply to taxable
years beginning after such date.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08273-01-9

              

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