Bill Text: NY A02426 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the tax law, in relation to personal exemptions of resident individuals

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced - Dead) 2010-07-01 - held for consideration in ways and means [A02426 Detail]

Download: New_York-2009-A02426-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2426
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 15, 2009
                                      ___________
       Introduced  by M. of A. REILICH, KOLB, FINCH -- Multi-Sponsored by -- M.
         of A. ALFANO, BACALLES, BARRA -- read once and referred to the Commit-
         tee on Ways and Means
       AN ACT to amend the tax law, in relation to personal exemptions of resi-
         dent individuals
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  616  of  the  tax law is amended by adding a new
    2  subsection (c) to read as follows:
    3    (C) ADDITIONAL EXEMPTION. IN ADDITION TO THE EXEMPTION PROVIDED FOR IN
    4  SUBSECTION (A) OF THIS SECTION FOR TAXABLE YEARS BEGINNING AFTER  DECEM-
    5  BER  THIRTY-FIRST,  TWO  THOUSAND  NINE,  A RESIDENT INDIVIDUAL SHALL BE
    6  ALLOWED AN ADDITIONAL NEW YORK EXEMPTION OF SIX  HUNDRED  FIFTY  DOLLARS
    7  FOR  EACH DEPENDENT (AS DEFINED IN THIS SUBSECTION) WHO IS OF THE AGE OF
    8  SIXTY-FIVE OR OLDER, WHOSE GROSS INCOME FOR THE CALENDAR YEAR  IN  WHICH
    9  THE TAXABLE YEAR OF THE TAXPAYER BEGINS IS NOT MORE THAN FIFTEEN HUNDRED
   10  DOLLARS.  FOR THE PURPOSES OF THIS SUBSECTION THE TERM "DEPENDENT" SHALL
   11  MEAN  ANY  OF THE FOLLOWING INDIVIDUALS OVER ONE-HALF WHOSE SUPPORT, FOR
   12  THE CALENDAR YEAR IN WHICH THE TAXABLE YEAR OF THE TAXPAYER  BEGINS  WAS
   13  RECEIVED FROM THE TAXPAYER:
   14    (1)  THE FATHER OR MOTHER OF THE TAXPAYER;
   15    (2)  A STEPFATHER OR STEPMOTHER OF THE TAXPAYER;
   16    (3)    AN  INDIVIDUAL (OTHER THAN AN INDIVIDUAL WHO AT ANY TIME DURING
   17  THE TAXABLE YEAR WAS THE SPOUSE) WHO FOR THE TAXABLE YEAR OF THE TAXPAY-
   18  ER, HAS AS HIS PRINCIPAL PLACE OF ABODE THE HOME OF THE TAXPAYER AND  IS
   19  A MEMBER OF THE TAXPAYER'S HOUSEHOLD.
   20    S 2.  This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04353-01-9