· NY legislature · 2025-2026

Exempts certain retirement plan distributions for income tax purposes

Adjusts the taxable income of individuals who were forced to withdraw funds from certain retirement accounts due to damage of primary residences following Superstorm Sandy to ensure such individuals were not penalized for withdrawing such funds.

Sponsor

Kwani O'Pharrow (D-NY)

Introduced

2025-02-04

Policy area

Taxation

Latest action

REFERRED TO WAYS AND MEANS