New York Senate Bill 10175: Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater

New York · 2025-2026 session

Status: In committee

What it does

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.

Latest action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (2026-05-04)

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