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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to New York adjusted gross income of a resident individual
In Assembly Committee · Ways And Means · Sponsor Joseph Lentol
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to New York adjusted gross income of a resident individual
Purpose
This bill would provide for a reduction in federal adjusted gross income for income received by a member of a federally defined reserve component by exempting income received by such member as compensation for performing active service within the state of New York.
Summary of specific provisions
Specifically, this bill would amend section 612 of the tax law to exempt from federal adjusted gross income:
1. Income received by a member of a federally defined reserve component as compensation for performing active service within the state of New York.
2. "Reserve component" is defined pursuant to 10 U.S.C. 10101 as:
(a) National Guard, including Army National Guard and Air National Guard; and
(b) Reserve enlistment, appointment, grade, or office held as a Reserve of one of the armed forces.
Justification
Presently, section 612 of the tax law, exempts from federal adjusted gross income, compensation received by a member of the New York State organized militia for active service within the state.
This bill would extend that benefit to any member of the National Guard or Reserves of the United States Armed Forces.
Military Service should be valued as public service at the highest level.
Those who wish to provide such service in the National Guard, Reserves, State Militia or Naval Militia, should not have the small amount of compensation they earn in such endeavor taxed by the state of New York.
This bill would recognize this, and extend the current exclusion currently given to members of the state organized militia to members of the National Guard and Reserves,
In doing so, this bill recognizes not only the importance of such individuals, but also provides an added recruitment and retention incentive for such service.
Prior legislative history
2008 - S.8327 - Passed Senate (60-0)
Fiscal implications
Very Minimal.
Effective date
This act would take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.