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New York · 2025 Regular Session · Bill

A 259: Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

A 259 is a bill introduced in the New York House on January 8, 2025. According to its official title, it concerns: Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater. Primary sponsor: Bill Magnarelli (Democratic). It lists 8 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO WAYS AND MEANS.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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.

Sponsors

Sponsors by party (alphabetical): Democratic 8

NameRolePartyChamberDistrict
Bill MagnarelliPrimary sponsorDemocraticHouse129
Didi BarrettCo-sponsorDemocraticHouse106
Michael BenedettoCo-sponsorDemocraticHouse82
Vivian CookCo-sponsorDemocraticHouse32
Chris EachusCo-sponsorDemocraticHouse99
Billy JonesCo-sponsorNot applicable (committee)——
Amy PaulinCo-sponsorDemocraticHouse88
Phil SteckCo-sponsorDemocraticHouse110
Al StirpeCo-sponsorDemocraticHouse127

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. REFERRED TO WAYS AND MEANS
  2. PRINT NUMBER 259A
  3. AMEND AND RECOMMIT TO WAYS AND MEANS
  4. REFERRED TO WAYS AND MEANS

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source