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A1941Assembly2019-2020 Session

No Income Tax for Elderly Veterans

Official title

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

Sponsor Stephen HawleyAD-139+7 co-sponsorsAffects Finance
Status
In Assembly Committee
Ways And Means
Impact
6/10
Moderate
Passage
0%

Bill progress

Step 2 of 7

In committee · Ways And Means

What's happening

This bill exempts New York veterans aged 85 and older from paying state income tax starting with tax year 2021.

Why it matters

  1. Provides substantial financial relief for elderly veterans. , potentially increasing their disposable income and easing financial burdens such as healthcare, housing, and daily living expenses.

  2. Applies regardless of federal tax liability. , meaning even veterans who still owe federal taxes would see their New York state income tax eliminated if they meet the age and veteran status criteria.

  3. Could incentivize older veterans to remain in or relocate to New York. , potentially impacting local economies and communities by retaining or attracting seniors with military backgrounds.

  4. Sets a precedent for targeted tax policy. focusing on both age and veteran status—highlighting legislative recognition of the unique contributions and needs of aging veterans.

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Who cares

Headline styles

No Income Tax for Elderly Veterans

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Stephen Hawley

Assembly Member · Assembly District 139

1 Multi-sponsor

History

  1. Held for consideration in ways and means
  2. Referred to ways and means
  3. Referred to ways and means

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

1941

2019-2020 Regular Sessions

IN ASSEMBLY

January 18, 2019

Introduced by M. of A. HAWLEY -- read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to exempting veterans eightyfive 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 Assembly, 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 eighteen, the gross income of a resident 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.

§ 2. This act shall take effect immediately and shall apply to all taxable years beginning on or after January 1, 2021.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD02078-01-9

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.