Exempts veterans eighty-five years of age and older from the obligation to pay New York state income tax.

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S146A-2011 Actions

• Jan 4, 2012: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
• Oct 24, 2011: PRINT NUMBER 146A
• Oct 24, 2011: AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
• Jan 5, 2011: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

S146A-2011 Memo

BILL NUMBER:S146A

TITLE OF BILL:
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

PURPOSE:
This bill will exempt veterans eighty-five years of age and older from
the obligation to pay New York state income tax.

SUMMARY OF SPECIFIC PROVISIONS:
Section 1. Section 601 of the tax is amended by adding a new subsection
(d-1) to read as follows:

(d-1) Notwithstanding the provisions of subsections (a), (b), (c) and
(d) of this section, for taxable years beginning after December thirty-
first, two thousand ten, the income of any resident individual eighty-
five years of age and older who qualifies as a veteran under the
provisions of subdivision three of section three hundred fifty of the
executive law shall be exempt from taxation under this article regard-
less of whether such income is subject to federal income taxation.

JUSTIFICATION:
After serving our country with honor and courage the veterans of New
York state who reach the milestone of eighty-five years young, who have
given so much to their communities, deserve respect and admiration
during these years of their lives.

PRIOR LEGISLATIVE HISTORY:
S.7014 of 2009/2010: Referred to Investigations & Government Operations

FISCAL IMPLICATIONS:
It is estimated to reduce revenues by $6 million in SFY 2011-12 and $23
million annually in subsequent fiscal years.

EFFECTIVE DATE:
This act shall take effect immediately and shall apply to all taxable
years commencing on or after January 1, 2013.

S146A-2011 Text

                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

                                   146--A

                         2011-2012 Regular Sessions

                              I N  SENATE

                                 (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:


    Section 1. Subsection (i) of section 601 of the tax law is  relettered
  subsection (j) and a new subsection (i) is added to read as follows:

    (I)  VETERANS  OVER  EIGHTY-FIVE  YEARS  OF AGE.   NOTWITHSTANDING THE
  PROVISIONS OF SUBSECTIONS (A), (B), (C) AND (D) OF THIS SECTION AND  ANY
  OTHER  PROVISION  OF  THIS  ARTICLE,  FOR  TAXABLE YEARS BEGINNING AFTER
  DECEMBER THIRTY-FIRST, TWO THOUSAND TWELVE, THE GROSS INCOME OF A  RESI-
  DENT  INDIVIDUAL WHO IS AT LEAST EIGHTY-FIVE YEARS OF AGE AS OF DECEMBER
  THIRTY-FIRST OF THE TAXABLE YEAR FOR WHICH THE EXEMPTION IS CLAIMED  AND
  WHO  QUALIFIES AS A VETERAN UNDER THE PROVISIONS OF SUBDIVISION THREE OF
  SECTION THREE HUNDRED FIFTY OF THE EXECUTIVE LAW SHALL  BE  EXEMPT  FROM
  TAX  UNDER  THIS ARTICLE REGARDLESS OF WHETHER SUCH INCOME IS SUBJECT TO
  FEDERAL INCOME TAXATION.
    S 2. This act shall take effect immediately and  shall  apply  to  all
  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