Bill Text: NY A01458 | 2019-2020 | General Assembly | Introduced
Bill Title: Subtracts pensions to officers and employees of any state of the United States, or any agency or instrumentality of any such state, to the extent includible in gross income for federal income tax purposes, from adjusted gross income.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2020-07-17 - held for consideration in ways and means [A01458 Detail]
Download: New_York-2019-A01458-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1458 2019-2020 Regular Sessions IN ASSEMBLY January 15, 2019 ___________ Introduced by M. of A. CROUCH, MORINELLO -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law and the administrative code of the city of New York, in relation to subtracting certain pensions from other states from adjusted gross income The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 3 of subsection (c) of section 612 of the tax law 2 is amended by adding a new subparagraph (iii) to read as follows: 3 (iii) Pensions to officers and employees of any state of the United 4 States, or any agency or instrumentality of any such state, to the 5 extent includible in gross income for federal income tax purposes; 6 § 2. Paragraph 3 of subdivision (c) of section 11-1712 of the adminis- 7 trative code of the city of New York is amended by adding a new subpara- 8 graph (iii) to read as follows: 9 (iii) Pensions to officers and employees of any state of the United 10 States, or any agency or instrumentality of any such state, to the 11 extent includible in gross income for federal income tax purposes; 12 § 3. This act shall take effect immediately and shall apply to pension 13 benefits of any state of the United States except for New York received 14 in taxable years beginning on or after January 1, 2020. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03053-01-9