What's happening
This bill provides a $1,000 additional state income tax exemption for New Yorkers caring for elderly family members in their home.
Why it matters
Directly supports family caregivers. by providing a tangible financial benefit to those who care for elderly relatives (age 70+) in their own homes, recognizing the economic and personal costs often involved in elder care.
Targets low-income elderly dependents. , as the exemption only applies if the dependent’s gross income is under $5,000 (or $7,500 for couples), focusing the benefit on families supporting seniors with limited means.
Encourages multigenerational living arrangements. and may help delay or prevent institutionalization of elderly family members, which can be both emotionally preferable for families and potentially cost-saving for public health systems.
Expands the definition of eligible dependents. beyond just parents to include siblings and stepparents, acknowledging diverse family structures and caregiving responsibilities.
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Who cares
New York resident taxpayers supporting older relatives
The bill would provide an additional $1,000 state income tax exemption for each qualifying dependent age 70 or older who receives more than half their support from the taxpayer and lives with them for more than nine months of the taxable year.
Older parents, stepparents, siblings and immediate family members
Their relatives could claim the exemption only if the older dependent’s gross income is no more than $5,000, or $7,500 for a husband and wife whose income is determined jointly.
Tax preparers serving family caregivers
They would need to check relatives’ ages, incomes, support and residency to determine eligibility for the additional exemption for taxable years beginning after January 1, 2018.
Headline styles
Tax Break for Elder Care
Plain English, a few words. Used as the page title.
Sponsors
10 Co-sponsors
3 Multi-sponsors
History
- 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
652
2017-2018 Regular Sessions
IN ASSEMBLY
January 9, 2017
Introduced by M. of A. GUNTHER, ZEBROWSKI, TITONE, HOOPER, ABBATE, SCHIMMINGER, GALEF, COLTON, CURRAN, WALTER, RAIA, LOPEZ -- Multi-Sponsored by -- M. of A. BARCLAY, CROUCH, FINCH -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to providing an additional personal income tax exemption to an individual taxpayer who cares for a parent or immediate family member, seventy years of age or older, residing in the household of the taxpayer
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 January first, two thousand eighteen, a resident individual shall be allowed an additional New York exemption of one thousand dollars for each dependent who is of the age of seventy or older, whose gross income for the taxable year is not more than five thousand dollars, or in the case of a husband and wife where income is determined jointly, whose gross income is not more than seven thousand five hundred dollars. For the purposes of this subsection the term "dependent" shall mean any of the following individuals for whom over one-half of the support for the taxable year was received from the taxpayer, and who have resided in the principal residence of the taxpayer for more than nine months of such taxable year:
(1) immediate family member or sibling of the taxpayer;
(2) the mother or father of the taxpayer; or
(3) the stepmother or stepfather of the taxpayer.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03552-01-7
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.