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New York policy

A4364: Exempts certain retirement plan distributions for income tax purposes

NY Assembly · Sponsor Kwani O'Pharrow

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Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
January 7, 2026

What it requires

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.

ny-stateassemblylegislationbill

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