Exempts World War II veterans from state personal income tax; defines WWII veterans.
TITLE OF BILL: An act to amend the tax law, in relation to World War II veterans
PURPOSE: To amend the law so that it exempts World War II veterans from state personal income tax.
SUMMARY OF PROVISIONS: The Tax law is amended by adding a new section 616-a which exempts World War II veterans from the state income tax. World War II veterans are defined as those who served in the armed forces from December 7, 1941 to and including December 31, 1946.
JUSTIFICATION: As the generation which fought in both the Pacific and the Atlantic grows older, many of these individuals find themselves on a fixed income, unable to deal with many medical and cost of living expenses. In attempt to alleviate some of their stress this bill would exempt them from the state income tax.
LEGISLATIVE HISTORY: 2010: S.7576 Held in Investigations & Government Operations
FISCAL IMPLICATIONS: To be determined.
EFFECTIVE DATE: This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2014.
STATE OF NEW YORK ________________________________________________________________________ 2419 2013-2014 Regular Sessions IN SENATE January 17, 2013 ___________Introduced by Sen. ADAMS -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to World War II veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 616-a to read as follows: S 616-A. EXEMPTIONS OF WORLD WAR II VETERANS. (A) FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN, A WORLD WAR II VETERAN SHALL BE ENTITLED TO A FULL EXEMPTION FROM THE TAX IMPOSED UNDER THIS ARTICLE. (B) FOR THE PURPOSES OF THIS SECTION, "WORLD WAR II VETERAN" MEANS A MEMBER OF THE ARMED FORCES OF THE UNITED STATES WHO SERVED THEREIN AT ANY TIME DURING WORLD WAR II, FROM THE SEVENTH DAY OF DECEMBER, NINETEEN HUNDRED FORTY-ONE, TO AND INCLUDING THE THIRTY-FIRST DAY OF DECEMBER, NINETEEN HUNDRED FORTY-SIX, WHO WAS HONORABLY DISCHARGED OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM SUCH SERVICE, WHO IS A CITIZEN OF THE UNITED STATES OR AN ALIEN LAWFULLY ADMITTED FOR PERMANENT RESIDENCE IN THE UNITED STATES AND WHO IS A RESIDENT OF THE STATE OF NEW YORK. S 2. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2014.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05582-01-3