2025-2026 Regular Session • New York Legislature
S02571
Legislative Summary
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.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
1/21/2025
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
Senate
2/26/2025
AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
Senate
2/26/2025
PRINT NUMBER 2571A
Senate
Status Information
Current Status
Introduced(1/21/2025)
Chamber
Senate
Committee
Investigations and Government Operations(Senate)
