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
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