Bill Commons

NY A 259

in committee

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

New York · 2025-2026 Regular Session · lower

Quick answers

Did NY A 259 pass?

Not yet. NY A 259 is in committee as of 2026-01-07 and has not come to a final vote. Latest recorded action (2026-01-07): REFERRED TO WAYS AND MEANS

What is NY A 259 about?

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.

Who sponsors NY A 259?

William Magnarelli is the primary sponsor of NY A 259, joined by 7 cosponsors.

Description

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.

Introduced
—
Latest action
2026-01-07 — REFERRED TO WAYS AND MEANS
Bill type
bill
Last updated
—

Sponsors

  • William Magnarelliprimary
  • Albert A. Stirpecosponsor
  • Vivian Cookcosponsor
  • Phil Steckcosponsor
  • Michael Benedettocosponsor
  • Billy Jonescosponsor
  • Christopher Eachuscosponsor
  • Amy Paulincosponsor

Committees

Not provided by source.

Action timeline

  1. 2025-01-08

    REFERRED TO WAYS AND MEANS

    referral-committee

  2. 2025-02-25

    AMEND AND RECOMMIT TO WAYS AND MEANS

    amendment-passage,referral-committee

  3. 2025-02-25

    PRINT NUMBER 259A

    amendment-passage

  4. 2026-01-07

    REFERRED TO WAYS AND MEANS

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

  • Prior session: A 6413not in this corpus
  • Prior session: A 690not in this corpus
  • Prior session: A 6213not in this corpus
  • Prior session: A 1357not in this corpus
  • Prior session: A 208not in this corpus
  • Companion bill: S 10175

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/A259?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=NY&identifier=A 259. See the API docs or the MCP server for AI assistants.

Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.

See the methodology page for data sources and limitations.