S T A T E O F N E W Y O R K
________________________________________________________________________
3493
2025-2026 Regular Sessions
I N A S S E M B L Y
January 28, 2025
___________
Introduced by M. of A. SANTABARBARA -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to including pensions from a
defined benefit plan in the exclusion from federal adjusted gross
income
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 3 of subsection (c) of section 612 of the tax law
is amended by adding a new subparagraph (iii) to read as follows:
(III) PENSIONS FROM A DEFINED BENEFIT PLAN, TO THE EXTENT INCLUDIBLE
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 such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06677-01-5