Exempts compensation for active military service from adjusted gross income in New York.

This bill amends the tax law to exempt compensation for active military service from a resident's adjusted gross income under specific conditions. It applies to New York residents who served in the U.S. armed forces outside New York for at least 90 days during the taxable year, or who maintained a permanent residence outside New York while in active service. The exemption is limited to $100 per month of service. The changes take effect immediately for taxable years beginning on and after January 1, 2026.

Exempts compensation for active military service from adjusted gross income in New York.

This bill amends the tax law to exempt compensation for active military service from a resident's adjusted gross income under specific conditions. It applies to New York residents who served in the U.S. armed forces outside New York for at least 90 days during the taxable year, or who maintained a permanent residence outside New York while in active service. The exemption is limited to $100 per month of service. The changes take effect immediately for taxable years beginning on and after January 1, 2026.