Bill > S06581

This bill amends the New York state tax law to exempt compensation for active military service from being included in a resident's adjusted gross income under certain circumstances. Specifically, the bill exempts such compensation if the taxpayer: (A) maintained a permanent residence in New York state and served in active service outside of New York 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, such as military barracks or on a naval vessel, while in active service. The bill applies to taxable years beginning on or after January 1, 2024.