Provides additional personal exemption of $650 for each dependent who is 65 years of age or older and whose gross income for the calendar year is not more than $1500.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A3079
SPONSOR: Blumencranz TITLE OF BILL:
An act to amend the tax law, in relation to personal exemptions of resi-
dent individuals
PURPOSE OR GENERAL IDEA OF BILL:
To provide New York resident taxpayers with an additional personal
exemption for resident individuals of $650 for each dependent 65 years
Or older with income limitations to help defray the cost to them of
providing care and support of certain elderly people.
SUMMARY OF SPECIFIC PROVISIONS:
This bill amends the tax law to provide an additional personal exemption
to New York resident taxpayers who provide over one-half the support of
individuals over the age of 65 whose gross income is not more than
$1,500, who either reside with the taxpayer or are the mother, father,
stepmother or stepfather of the taxpayer.
JUSTIFICATION:
The intractable problem of inflation has made it difficult for many to
subsist. Escalating prices for food, utilities, and the like, have
forced many of the elderly of this state to reside in their own homes or
take up residence with either their children or some other relative or
friend. The State of New York should be mindful of the financial hard-
ships our elderly are facing. We must take affirmative steps to see that
measures are implemented to facilitate the care and support of these
people who have in good stead served New York State. This bill would
provide relief to those already providing financial support to many of
our elderly and moreover, provide an incentive to those who are not.
PRIOR LEGISLATIVE HISTORY:
A.4925 of 2021/22; Held for consideration
A.4149 of 2019/20; Held for consideration
A.2208 of 2017/18; Held for consideration
A.1603 of 2015/16; Held for consideration in Ways and Means; in Ways and
Means; in Ways and Means; in Ways and Means;
A.3164 of 2013/14; Referred to Ways and Means Committee;
A.2029 of 2011/12; Held in Ways and Means Committee;
A.2426 of 2009/10; Held in Ways and Means Committee;
A.2406 of 2007/08;
A.6004 of 2005/06;
A.4559 of 2003/04;
A.4642 of 2001/02;
A.2082 of 1999/00;
A.2535 of 1997/98 and
A.2423 of 1995/96.
FISCAL IMPLICATIONS:
Undetermined.
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
3079
2023-2024 Regular Sessions
IN ASSEMBLY
February 2, 2023
___________
Introduced by M. of A. BLUMENCRANZ -- read once and referred to the
Committee 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 twenty-three, a resident individual shall
6 be 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 the
17 taxable year was the spouse) who for the taxable year of the taxpayer,
18 has as his principal place of abode the home of the taxpayer and is a
19 member of the taxpayer's household.
20 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06888-01-3
