| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Feb 19, 2025 |
referred to budget and revenue |
Senate Bill S5104
2025-2026 Legislative Session
Sponsored By
(D, WF) 40th Senate District
Current Bill Status - In Senate Committee Budget And Revenue Committee
Actions
2025-S5104 (ACTIVE) - Details
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §612, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2021-2022:
S8283
2023-2024: S5391
2025-S5104 (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.
2025-S5104 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5104
SPONSOR: HARCKHAM
TITLE OF BILL:
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
PURPOSE:
Exempts qualified military benefits of veterans from inclusion in a
resident's adjusted gross income
SUMMARY OF PROVISIONS:
Amends Section 1. Subsection C of Section 612 of the New York tax law by
adding a paragraph that states compensation, including compensation or
any kind of qualified military benefit with the exception of the benefit
of a personally operated vehicle received by former members of the
United States military, is not required to be included in gross earned
and unearned income reports for federal tax income purposes.
2025-S5104 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5104
2025-2026 Regular Sessions
I N S E N A T E
February 19, 2025
___________
Introduced by Sen. HARCKHAM -- read twice and ordered printed, and when
printed to be committed to the Committee on Budget and Revenue
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, 2026.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09766-01-5
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