New York - Session 2025-2026
Title: Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater
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.
| Date | Event | Detail |
|---|---|---|
| 2024-12-31 | Introduced | Bill introduced |
| 2026-01-07 | Status | in_committee |
| 2026-01-07 | Latest Action | In Assembly Committee |