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Bill > S05391
NY S05391
NY S05391Exempts 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.
summary
Introduced
03/03/2023
03/03/2023
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 qualified military benefits of veterans from inclusion in a resident's adjusted gross income
AI Summary
This bill 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 U.S. uniformed services or their dependents due to the member's status or service. The bill applies to taxable years beginning on or after January 1, 2024.
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/S5391 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05391&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05391 |
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