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Assembly Bill A9476

2021-2022 Legislative Session

Exempts qualified military benefits of veterans from inclusion in a resident's adjusted gross income

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Archive: Last Bill Status - In Assembly Committee

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2021-A9476 (ACTIVE) - Details

See Senate Version of this Bill:
S8283
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L
Versions Introduced in Other Legislative Sessions:
2023-2024: S5391
2025-2026: S5104

2021-A9476 (ACTIVE) - Summary

Exempts qualified military benefits from inclusion in a resident's adjusted gross income, including any allowance or in-kind benefit other than personal use of a vehicle, received by any former member of the uniformed services of the United States or any dependent of such member by reason of such member's status or service as a member of such uniformed services.

2021-A9476 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9476
 
                           I N  A S S E M B L Y
 
                               March 7, 2022
                                ___________
 
 Introduced  by M. of A. WOERNER -- read once and referred to the Commit-
   tee on Ways and Means
 
 AN ACT to amend the tax law, in relation to exempting qualified military
   benefits of veterans from inclusion in  a  resident's  adjusted  gross
   income
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subsection (c) of section 612 of the tax law is amended  by
 adding a new paragraph 8-d to read as follows:
   (8-D)  COMPENSATION,  INCLUDING ANY ALLOWANCE OR IN-KIND BENEFIT OTHER
 THAN PERSONAL USE OF A VEHICLE, RECEIVED BY ANY  FORMER  MEMBER  OF  THE
 UNIFORMED  SERVICES OF THE UNITED STATES OR ANY DEPENDENT OF SUCH MEMBER
 BY REASON OF SUCH MEMBER'S  STATUS  OR  SERVICE  AS  A  MEMBER  OF  SUCH
 UNIFORMED  SERVICES TO THE EXTENT INCLUDABLE IN GROSS INCOME FOR FEDERAL
 INCOME TAX PURPOSES.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after January 1, 2023.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14554-01-2

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