Bill Text: NY S03240 | 2015-2016 | General Assembly | Amended

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Bill Title: Exempts compensation for active military service from inclusion in a resident's adjusted gross income under certain circumstances.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2016-01-28 - PRINT NUMBER 3240A [S03240 Detail]

Download: New_York-2015-S03240-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         3240--A
                               2015-2016 Regular Sessions
                    IN SENATE
                                    February 3, 2015
                                       ___________
        Introduced  by Sens. CROCI, FUNKE -- read twice and ordered printed, and
          when printed to be committed to the Committee  on  Investigations  and
          Government  Operations  --  recommitted  to  the Committee on Investi-
          gations and Government Operations in accordance with  Senate  Rule  6,
          sec.  8  --  committee  discharged, bill amended, ordered reprinted as
          amended and recommitted to said committee
        AN ACT to amend the tax law, in relation to exempting  compensation  for
          active  military service from inclusion in a resident's 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  8  of subsection (c) of section 612 of the tax
     2  law, as amended by chapter 528 of the laws of 1964, is amended  to  read
     3  as follows:
     4    (8)  Compensation  received  for active service in the armed forces of
     5  the United States [on or after October first,  nineteen  hundred  sixty-
     6  one, and prior to September first, nineteen hundred sixty-two; provided,
     7  however,  that  the amount of such compensation to be deducted shall not
     8  exceed one hundred dollars for each month of the  taxable  year,  subse-
     9  quent to September, nineteen hundred sixty-one, during any part of which
    10  month the taxpayer was engaged in such service] to the extent includible
    11  in  gross  income  for  federal  income  tax  purposes and not otherwise
    12  excluded pursuant to  paragraph  eight-c  of  this  subsection,  if  the
    13  taxpayer  maintained  a permanent residence in New York state and served
    14  in the active service in the armed forces of the United  States  outside
    15  of  New York state for a period of at least ninety days during the taxa-
    16  ble year. For the purposes of this paragraph, the words "active  service
    17  in  the armed forces of the United States" shall mean active duty (other
    18  than for training) in the army, navy (including the marine  corps),  air
    19  force or coast guard of the United States as defined in title ten of the
    20  United States code.
    21    §  2.  This act shall take effect immediately and shall apply to taxa-
    22  ble years beginning on and after January 1, 2016.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01630-02-6