New York A 2343: Exempts veterans eighty-five years of age and older from the obligation to pay New York state income tax

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A02343 Summary:

BILL NOA02343 

&nbsp

SAME ASSAME AS S05259

&nbsp

SPONSORHawley

&nbsp

COSPNSRDeStefano, DiPietro, Gallahan, Giglio, Lemondes, Manktelow, Molitor, Tague, Slater

&nbsp

MLTSPNSRAngelino

&nbsp

Amd §601, Tax L

&nbsp

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

Go to top A02343 Actions:

BILL NOA02343 

&nbsp

01/16/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA02343 Committee&nbspVotes:

Go to topA02343 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA02343 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2343

 2025-2026 Regular Sessions

 IN ASSEMBLY

 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:

 1 Section 1. Subsection (i) of section 601 of the tax law is relettered
 2 subsection (j) and a new subsection (i) is added to read as follows:
 3 (i) Veterans over eighty-five years of age. Notwithstanding the
 4 provisions of subsections (a), (b), (c) and (d) of this section and any
 5 other provision of this article, for taxable years beginning after
 6 December thirty-first, two thousand twenty-six, the gross income of a
 7 resident individual who is at least eighty-five years of age as of
 8 December thirty-first of the taxable year for which the exemption is
 9 claimed and who qualifies as a veteran under the provisions of subdivi-
 10 sion three of section thirty-two of the veterans' services law shall be
 11 exempt from tax under this article regardless of whether such income is
 12 subject to federal income taxation.
 13 § 2. This act shall take effect immediately and shall apply to all
 14 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

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