New York · 2025 Regular Session · Bill
S 10175: Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 10175 is a bill introduced in the New York Senate on May 4, 2026. 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: Monica Martinez (Democratic/Working Families). Most recent recorded action (May 4, 2026): REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS.
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/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Monica Martinez | Primary sponsor | Democratic/Working Families | Senate | 4 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS