New York bills · 2025 Regular Session
New York A 259
Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- William Magnarelli (Democratic)
Cosponsors (8)
- Albert A. Stirpe (Democratic)
- Vivian Cook (Democratic)
- Phil Steck (Democratic)
- Michael Benedetto (Democratic)
- Billy Jones
- Christopher Eachus (Democratic)
- Amy Paulin (Democratic)
- Didi Barrett (Democratic)
Summary
Official abstract published by the New York legislature
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.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 7, 2026 · House
REFERRED TO WAYS AND MEANS - Feb 25, 2025 · House
PRINT NUMBER 259A - Feb 25, 2025 · House
AMEND AND RECOMMIT TO WAYS AND MEANS - Jan 8, 2025 · House
REFERRED TO WAYS AND MEANS