Bill > A05070

This bill amends the New York tax law to exempt compensation for active military service from inclusion in a resident's adjusted gross income under certain circumstances. Specifically, the bill provides that compensation for active military service outside of New York state can be excluded from a taxpayer's adjusted gross income if the taxpayer maintained a permanent residence in New York state, maintained a permanent place of abode outside of New York state while in active service for the entire taxable year, or maintained an abode in New York state other than their permanent address while in active service. The bill applies to taxable years beginning on and after January 1, 2022.