Assembly Bill A5033

2021-2022 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 Assembly 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

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2021-A5033 (ACTIVE) - Details

See Senate Version of this Bill:
S5995
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §601, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10098
2011-2012: A1302
2013-2014: A332
2015-2016: A3770
2017-2018: A1565
2019-2020: A1941
2023-2024: A2050, S4872

2021-A5033 (ACTIVE) - Summary

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

2021-A5033 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5033
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2021
                                ___________
 
 Introduced  by M. of A. HAWLEY, REILLY, DeSTEFANO, ASHBY, NORRIS, SALKA,
   BRABENEC -- Multi-Sponsored by -- M. of A. MIKULIN --  read  once  and
   referred to the Committee on Ways and Means
 
 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 TWENTY, 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.
   § 2. This act shall take effect immediately and  shall  apply  to  all
 taxable years beginning on or after January 1, 2023.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02169-01-1



              

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