Bill > S05996

This bill exempts compensation for active military service from inclusion in a resident's adjusted gross income under certain circumstances. Specifically, the bill amends the tax law to allow for the exclusion of military compensation from a resident's adjusted gross income if they: (A) maintained a permanent residence in New York state and served in active service outside of the state for at least 90 days during the taxable year, (B) maintained a permanent place of abode outside of New York state for the entire taxable year while in active service, or (C) maintained an abode in New York state other than their permanent address while in active service, such as in military barracks or on a naval vessel. The bill applies to taxable years beginning on or after January 1, 2022.