Bill Text: NY A03794 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 3794 (Prior Session Legislation)

Introduced

Bill Title: Provides an exemption of fifty percent of a retired military employee's retirement allowance if such person has been employed, on average, twenty-five hours per week.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A03794 Detail]

Download: New_York-2019-A03794-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          3794
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 31, 2019
                                       ___________
        Introduced by M. of A. ORTIZ, BENEDETTO -- read once and referred to the
          Committee on Ways and Means
        AN  ACT  to amend the tax law, in relation to tax exemptions for certain
          retired military personnel
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Subsection (c) of section 612 of the tax law is amended by
     2  adding a new paragraph 43 to read as follows:
     3    (43) An amount equal to fifty percent of money  received  pursuant  to
     4  section  two  hundred  fifteen of the military law by a taxpayer for any
     5  taxable year in which the taxpayer has  been  employed,  on  average,  a
     6  minimum of twenty-five hours per week.
     7    §  2.  This  act  shall take effect immediately and shall apply to any
     8  taxable year commencing after such effective date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08192-01-9