Bill Text: NY A04043 | 2009-2010 | General Assembly | Introduced

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Bill Title: 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

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2010-07-01 - held for consideration in ways and means [A04043 Detail]

Download: New_York-2009-A04043-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4043
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 29, 2009
                                      ___________
       Introduced by M. of A. CROUCH -- 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    S 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    S 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, 2010.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06977-01-9