Exempts veterans aged 85 and older from New York state income tax.

New York Assembly Bill A02343 amends the tax law to exempt veterans aged 85 and older from paying New York state income tax, regardless of their federal tax status. This exemption applies to taxable years beginning after December 31, 2026. The bill specifies that the gross income of a resident veteran who qualifies under the veterans' services law will be exempt from state taxation.

Exempts veterans aged 85 and older from New York state income tax.

New York Assembly Bill A02343 amends the tax law to exempt veterans aged 85 and older from paying New York state income tax, regardless of their federal tax status. This exemption applies to taxable years beginning after December 31, 2026. The bill specifies that the gross income of a resident veteran who qualifies under the veterans' services law will be exempt from state taxation.