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Bill > A08351


NY A08351

NY A08351
Establishes a veteran tax deduction.


summary

Introduced
12/13/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to a veteran tax deduction

AI Summary

This bill establishes a veteran tax deduction, which allows taxpayers who are veterans to deduct $6,000 from their taxable income. The term "veteran" is defined as having the same meaning as in the Veterans' Services Law. The bill will take effect immediately and apply to all taxable years beginning on or after January 1, 2024.

Committee Categories

Budget and Finance

Sponsors (25)

Last Action

enacting clause stricken (on 04/26/2024)

bill text


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