senate Bill S1050

2013-2014 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Committee


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

do you support this bill?

Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to investigations and government operations
Jan 09, 2013 referred to investigations and government operations

S1050 - Bill Details

See Assembly Version of this Bill:
A332
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd ยง601, Tax L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S146A, A1302A
2009-2010: S7014, A10098

S1050 - 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:S1050

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-i) to read as follows:

(d-i) Notwithstanding the provisions of subsections (a), (b), (c) and
(d) of this section, for taxable years beginning after December
thirty-first, two thousand thirteen, 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 & Government
Operations S.146A/A.1302A of 2011/2012: 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, 2015.

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

                                  1050

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

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. 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  FOURTEEN,  THE GROSS INCOME OF A
RESIDENT 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  SUBDIVI-
SION  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, 2015.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00196-01-3

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.