S T A T E O F N E W Y O R K
________________________________________________________________________
2343
2025-2026 Regular Sessions
I N A S S E M B L Y
January 16, 2025
___________
Introduced by M. of A. HAWLEY -- 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-SIX, 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 THIRTY-TWO OF THE VETERANS' SERVICES 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, 2027.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01807-01-5