A259 (2025-26 session)
NY State bill
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.
- Title
- Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Ways And Means
- Introduced
- 2024-12-31
- Active version
- A259A
- Same as
- S10175
- Law section
- Tax Law
Sponsors
Co-sponsors
Heard in committee
- Ways and Means NY State Assembly committee