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NY S04872
NY S04872Exempts veterans eighty-five years of age and older from the obligation to pay New York state income tax.
summary
Introduced
02/16/2023
02/16/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to exempting veterans eightyfive years of age and older from the obligation to pay New York state income tax
AI Summary
This bill exempts veterans aged 85 and older from paying New York state income tax, regardless of whether their income is subject to federal income taxation. The exemption applies to taxable years beginning after December 31, 2022, and the veteran must qualify as such under the provisions of the Executive Law. The bill will take effect immediately and apply to all taxable years beginning on or after January 1, 2025.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S4872 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04872&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04872 |
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