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

                                  4533

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            February 4, 2011
                               ___________

Introduced by M. of A. CROUCH -- read once and referred to the Committee
  on Ways and Means

AN  ACT  to amend the tax law and the administrative code of the city of
  New York, in relation  to  subtracting  certain  pensions  from  other
  states from adjusted gross income

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 3 of subsection (c) of section 612 of the tax law
is amended by adding a new subparagraph (iii) to read as follows:
  (III) PENSIONS TO OFFICERS AND EMPLOYEES OF ANY STATE  OF  THE  UNITED
STATES,  OR  ANY  AGENCY  OR  INSTRUMENTALITY  OF ANY SUCH STATE, TO THE
EXTENT INCLUDIBLE IN GROSS INCOME FOR FEDERAL INCOME TAX PURPOSES;
  S 2. Paragraph 3 of subdivision (c) of section 11-1712 of the adminis-
trative code of the city of New York is amended by adding a new subpara-
graph (iii) to read as follows:
  (III) PENSIONS TO OFFICERS AND EMPLOYEES OF ANY STATE  OF  THE  UNITED
STATES,  OR  ANY  AGENCY  OR  INSTRUMENTALITY  OF ANY SUCH STATE, TO THE
EXTENT INCLUDIBLE IN GROSS INCOME FOR FEDERAL INCOME TAX PURPOSES;
  S 3. This act shall take effect immediately and shall apply to pension
benefits of any state of the United States except for New York  received
in taxable years beginning on or after January 1, 2012.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04754-01-1