Bill > A05439

This bill establishes a tax credit for New York-domiciled active-duty military service members to help offset the cost of traveling back to their home state during authorized leave. The credit is available for airfare expenses and has different maximum amounts depending on the service member's duty station: up to $1,000 for those stationed in the United States, its territories, Canada, and Mexico, and up to $2,500 for those stationed in more distant locations. To qualify, service members must be in active military service and domiciled in New York. The credit covers only the direct airfare cost, excluding baggage fees, ground transportation, and travel paid for with miles or reward points. If the credit amount exceeds the taxpayer's annual tax liability, the excess can be carried over to subsequent tax years. The bill will take effect on the first day of January following its passage and will apply to taxable years starting on or after that date, providing financial support to military personnel who want to return home during their periods of leave.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5439