senate Bill S146A

2011-2012 Legislative Session

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

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to investigations and government operations
Oct 24, 2011 print number 146a
amend and recommit to investigations and government operations
Jan 05, 2011 referred to investigations and government operations

Bill Amendments

Original
A (Active)
Original
A (Active)

S146 - Bill Details

See Assembly Version of this Bill:
A1302A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §601, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S7014, A10098

S146 - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S146

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 subsections (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
regardless 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:
S.7014 of 2009/2010: Referred to Investigations and Government Operation

FISCAL IMPLICATIONS:
It is estimated to reduce revenues by $6 million
in SFY 2011-12 and $23 million annually in subsequent fiscal years.

EFFECTIVE DATE:
This act shall take effect immediately and shall apply
to all taxable years commencing on or after January 1, 2012.

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

                                   146

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

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 SUBSECTIONS (A), (B), (C)  AND
(D)  OF THIS SECTION, FOR TAXABLE YEARS BEGINNING AFTER DECEMBER THIRTY-
FIRST, TWO THOUSAND ELEVEN, THE INCOME OF ANY RESIDENT INDIVIDUAL EIGHT-
Y-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, 2012.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01219-01-1

S146A (ACTIVE) - Bill Details

See Assembly Version of this Bill:
A1302A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §601, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S7014, A10098

S146A (ACTIVE) - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S146A

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 subsections (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:
S.7014 of 2009/2010: Referred to Investigations & Government Operations

FISCAL IMPLICATIONS:
It is estimated to reduce revenues by $6 million in SFY 2011-12 and $23
million annually in subsequent fiscal years.

EFFECTIVE DATE:
This act shall take effect immediately and shall apply to all taxable
years commencing on or after January 1, 2013.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 146--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment  Operations  --  committee  discharged,  bill  amended,   ordered
  reprinted as amended and recommitted to said committee

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 TWELVE, THE GROSS INCOME OF A  RESI-
DENT  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 SUBDIVISION 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.
  S 2. This act shall take effect immediately and  shall  apply  to  all
taxable years beginning on or after January 1, 2013.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01219-02-1

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