S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        146--A
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment  Operations  --  committee  discharged,  bill  amended,   ordered
         reprinted as amended and recommitted to said committee
       AN  ACT  to amend the tax law, in relation to exempting veterans eighty-
         five years of age and older from the obligation to pay New York  state
         income tax
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subsection (i) of section 601 of the tax law is  relettered
    2  subsection (j) and a new subsection (i) is added to read as follows:
    3    (I)  VETERANS  OVER  EIGHTY-FIVE  YEARS  OF AGE.   NOTWITHSTANDING THE
    4  PROVISIONS OF SUBSECTIONS (A), (B), (C) AND (D) OF THIS SECTION AND  ANY
    5  OTHER  PROVISION  OF  THIS  ARTICLE,  FOR  TAXABLE YEARS BEGINNING AFTER
    6  DECEMBER THIRTY-FIRST, TWO THOUSAND TWELVE, THE GROSS INCOME OF A  RESI-
    7  DENT  INDIVIDUAL WHO IS AT LEAST EIGHTY-FIVE YEARS OF AGE AS OF DECEMBER
    8  THIRTY-FIRST OF THE TAXABLE YEAR FOR WHICH THE EXEMPTION IS CLAIMED  AND
    9  WHO  QUALIFIES AS A VETERAN UNDER THE PROVISIONS OF SUBDIVISION THREE OF
   10  SECTION THREE HUNDRED FIFTY OF THE EXECUTIVE LAW SHALL  BE  EXEMPT  FROM
   11  TAX  UNDER  THIS ARTICLE REGARDLESS OF WHETHER SUCH INCOME IS SUBJECT TO
   12  FEDERAL INCOME TAXATION.
   13    S 2. This act shall take effect immediately and  shall  apply  to  all
   14  taxable years beginning on or after January 1, 2013.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01219-02-1