New York S 5104: Exempts qualified military benefits of veterans from inclusion in a resident's adjusted gross income

Status: REFERRED TO BUDGET AND REVENUE (as of 2026-01-07)

State: New York · Session: 2025-2026 · Bill: S 5104

Sponsors: Pete Harckham

Bill Text

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S05104 Summary:

BILL NOS05104 

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SAME ASNo Same As

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SPONSORHARCKHAM

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COSPNSR

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MLTSPNSR

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Amd §612, Tax L

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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.

Go to top S05104 Actions:

BILL NOS05104 

&nbsp

02/19/2025REFERRED TO BUDGET AND REVENUE

01/07/2026REFERRED TO BUDGET AND REVENUE

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

Go to topS05104 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5104

 2025-2026 Regular Sessions

 IN SENATE

 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:

 1 Section 1. Subsection (c) of section 612 of the tax law is amended by
 2 adding a new paragraph 8-d to read as follows:
 3 (8-d) Compensation, including any allowance or in-kind benefit other
 4 than personal use of a vehicle, received by any former member of the
 5 uniformed services of the United States or any dependent of such member
 6 by reason of such member's status or service as a member of such
 7 uniformed services to the extent includable in gross income for federal
 8 income tax purposes.
 9 § 2. This act shall take effect immediately and shall apply to taxable
 10 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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