New YorkIncreases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater
What it does
Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater from $20,000 to $25,000 in 2027, $30,000 in 2028, $35,000 in 2029 and $40,000 for each subsequent year.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jan 7REFERRED TO WAYS AND MEANSLatest
- 2025
- Feb 25PRINT NUMBER 259AMajor
- Feb 25AMEND AND RECOMMIT TO WAYS AND MEANSMajor
- Jan 8REFERRED TO WAYS AND MEANSIntroduced