What's happening
This bill creates a $650 additional state tax exemption for New York residents supporting low-income dependents aged 65 or older.
Why it matters
Directly supports caregivers. By offering a $650 tax exemption for residents supporting low-income elderly dependents, the bill provides tangible financial relief to family members who often carry significant economic and caregiving burdens.
Targets the most vulnerable seniors. The exemption is only for dependents aged 65+ with gross incomes under $1,500, focusing benefits on those with the least financial security and greatest need for assistance.
Broadens the definition of eligible dependents. The bill covers not just parents but stepparents and elderly household members who aren't spouses, acknowledging diverse family and caregiving arrangements beyond the traditional nuclear family.
Potential to encourage in-home elder care. By easing financial pressures, the measure could make it more feasible for residents to keep elderly loved ones at home rather than turn to institutional care, possibly improving quality of life for seniors and reducing strain on public eldercare systems.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
New York resident taxpayers supporting older dependents
They could claim an additional $650 state exemption for each qualifying dependent age 65 or older with gross income of no more than $1,500, for taxable years beginning after December 31, 2017.
Older parents and stepparents
They could qualify as dependents if they meet the age and income limits and receive more than half their support from the taxpayer.
Older household members other than spouses
They could qualify if the taxpayer’s home is their principal residence, they are household members, and they meet the age, income and support requirements.
Tax preparers
They would need to check dependents’ ages, income, support and relationship or household status when determining eligibility for the additional exemption.
Headline styles
Tax Break for Elderly Dependents
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Held for consideration in ways and means
- Referred to ways and means
- Referred to ways and means
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2208
2017-2018 Regular Sessions
IN ASSEMBLY
January 17, 2017
Introduced by M. of A. MONTESANO, RAIA, FINCH -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to personal exemptions of resident individuals
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 616 of the tax law is amended by adding a new subsection (c) to read as follows:
(c) Additional exemption. In addition to the exemption provided for in subsection (a) of this section for taxable years beginning after December thirty-first, two thousand seventeen, a resident individual shall be allowed an additional New York exemption of six hundred fifty dollars for each dependent (as defined in this subsection) who is of the age of sixty-five or older, whose gross income for the calendar year in which the taxable year of the taxpayer begins is not more than fifteen hundred dollars. For the purposes of this subsection the term "dependent" shall mean any of the following individuals over one-half whose support, for the calendar year in which the taxable year of the taxpayer begins was received from the taxpayer:
(1) the father or mother of the taxpayer;
(2) a stepfather or stepmother of the taxpayer;
(3) an individual (other than an individual who at any time during the taxable year was the spouse) who for the taxable year of the taxpayer, has as his principal place of abode the home of the taxpayer and is a member of the taxpayer's household.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06060-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.