Exempts veterans eighty-five years of age and older from the obligation to pay New York state income tax

This bill exempts New York State residents who are veterans and at least 85 years old as of December 31 of the tax year from paying state income tax on their gross income, effective for taxable years beginning on or after January 1, 2027. It directly affects qualifying veterans aged 85 or older who live in New York and meet the definition of "veteran" under New York's veterans' services law. The exemption applies regardless of whether the veteran's income is subject to federal income tax. The bill creates a new tax law provision (section 601(i)) that overrides other tax rules for this specific group.