New York S 4118: Establishes a veteran tax deduction

Bill Text

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S04118 Summary:

BILL NOS04118 

&nbsp

SAME ASNo Same As

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SPONSORSCARCELLA-SPANTON

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COSPNSR

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MLTSPNSR

&nbsp

Amd §612, Tax L

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Establishes a veteran tax deduction.

Go to top S04118 Actions:

BILL NOS04118 

&nbsp

02/03/2025REFERRED TO BUDGET AND REVENUE

01/07/2026REFERRED TO BUDGET AND REVENUE

Go to topS04118 Committee&nbspVotes:

Go to topS04118 Floor&nbspVotes:

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

Go to topS04118 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4118

 2025-2026 Regular Sessions

 IN SENATE

 February 3, 2025
 ___________

 Introduced by Sen. SCARCELLA-SPANTON -- read twice and ordered printed,
 and when printed to be committed to the Committee on Budget and Reven-
 ue

 AN ACT to amend the tax law, in relation to a veteran tax deduction

 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 48 to read as follows:
 3 (48) In the case of a taxpayer who is a veteran, an amount equal to
 4 six thousand dollars. For the purposes of this section, the term "veter-
 5 an" shall have the same meaning as defined in subdivision three of
 6 section one of the veterans' services law.
 7 § 2. This act shall take effect immediately and shall apply to all
 8 taxable years beginning on or after January 1, 2025.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08355-01-5

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