Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to veterans, homeland security and military affairs |
Feb 07, 2017 |
referred to veterans, homeland security and military affairs |
Senate Bill S4270
2017-2018 Legislative Session
Sponsored By
(R, C) 44th Senate District
Archive: Last Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2017-S4270 (ACTIVE) - Details
- Current Committee:
- Senate Veterans, Homeland Security And Military Affairs
- Law Section:
- Tax Law
- Laws Affected:
- Amd §601, Tax L
2017-S4270 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4270 TITLE OF BILL : An act to amend the tax law, in relation to establishing an exemption from the state personal income tax for certain veterans seventy-five years of age or older PURPOSE OR GENERAL IDEA OF THE BILL : This bill would amend the tax law to exempt veterans age seventy-five years or older, with an annual gross income of less than $40,000 from paying state personal income tax. SUMMARY OF SPECIFIC PROVISIONS : Section 601 of the tax law is amended by adding a new subsection (g-1). A taxpayer shall be exempt from State personal income tax under this article if he or she is a veteran of the armed forces of the United States, as defined in section thirteen-a of the general construction law, with an annual total gross income of less than forty thousand dollars and is seventy-five years of age or older. JUSTIFICATION : This exemption from personal income tax is only one way for the State
2017-S4270 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4270 2017-2018 Regular Sessions I N S E N A T E February 7, 2017 ___________ Introduced by Sen. TEDISCO -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Securi- ty and Military Affairs AN ACT to amend the tax law, in relation to establishing an exemption from the state personal income tax for certain veterans seventy-five years of age or older 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 (g-1) to read as follows: (G-1) EXEMPT VETERANS. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, A TAXPAYER SHALL BE EXEMPT FROM THE TAX UNDER THIS ARTICLE IF HE OR SHE IS A VETERAN OF THE ARMED FORCES OF THE UNITED STATES, AS DEFINED IN SECTION THIRTEEN-A OF THE GENERAL CONSTRUCTION LAW, WITH AN ANNUAL TOTAL GROSS INCOME OF LESS THAN FORTY THOUSAND DOLLARS AND IS SEVENTY-FIVE YEARS OF AGE OR OLDER. § 2. This act shall take effect immediately and shall apply to taxable years beginning on or after the first of January next succeeding the date on which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06377-01-7
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