New York Senate bill in Session 2025-2026.
Status: in_committee. Latest action: May 4, 2026.
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 |
|---|---|---|
| 2026-05-04 | Introduced | Bill introduced |
| 2026-05-04 | Status | in_committee |
| 2026-05-04 | Latest Action | In Senate Committee |