New York bills · 2025 Regular Session
New York S 10175
Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Monica Martinez (Democratic/Working Families)
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
- May 4, 2026 · Senate
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS