New York A08709 provides a personal income tax exemption for certain professional athletes residing in New York state of up to two hundred fifty.

New York A08709 amends the tax law to provide a personal income tax exemption for certain professional athletes residing in New York state of up to two hundred fifty thousand dollars of income. A "qualifying professional athlete" must be a natural person domiciled in New York, have a current, valid, and enforceable written player contract with a qualified sports franchise, and maintain their primary place of residence in New York for at least one hundred eighty-three days during the taxable year.

New York A08709 provides a personal income tax exemption for certain professional athletes residing in New York state of up to two hundred fifty.

New York A08709 amends the tax law to provide a personal income tax exemption for certain professional athletes residing in New York state of up to two hundred fifty thousand dollars of income. A "qualifying professional athlete" must be a natural person domiciled in New York, have a current, valid, and enforceable written player contract with a qualified sports franchise, and maintain their primary place of residence in New York for at least one hundred eighty-three days during the taxable year.