Bill Text: NY S07030 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to increasing the volunteer firefighters' and ambulance workers' credit; increases the amount of the credit from $200 to $500 for single filers who have served for less than five years and from $200 to $1,000 for single filers who serve at least five years and from $400 to $1,000 for spouses filing jointly where one spouse has served less than five years and from $400 to $2,000 for spouses filing jointly who have each served at least five years.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-03-17 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S07030 Detail]

Download: New_York-2015-S07030-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7030
                    IN SENATE
                                     March 17, 2016
                                       ___________
        Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
        AN ACT to amend the tax law, in relation  to  increasing  the  volunteer
          firefighters' and ambulance workers' credit
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subsection (e-2) of section 606 of the tax law, as added by
     2  section 1 of part U of chapter 62 of the laws of 2006,  paragraph  2  as
     3  amended  by  chapter  532  of the laws of 2007, paragraph 3 as added and
     4  paragraph 4 as renumbered by section 4 of part N of chapter  61  of  the
     5  laws  of 2006, and as relettered by section 1 of part K of chapter 59 of
     6  the laws of 2014, is amended to read as follows:
     7    (e-2) Volunteer firefighters' and ambulance workers' credit.  (1)  For
     8  taxable  years beginning on and after January first, two thousand seven,
     9  a resident taxpayer who serves as an  active  volunteer  firefighter  as
    10  defined in subdivision one of section two hundred fifteen of the general
    11  municipal  law or as a volunteer ambulance worker as defined in subdivi-
    12  sion fourteen of section two hundred nineteen-k of the general municipal
    13  law and has been in good standing for a period of  four  years  or  less
    14  shall  be allowed a credit against the tax imposed by this article equal
    15  to [two] five hundred dollars.  For taxable years beginning on and after
    16  January first, two thousand sixteen, a resident taxpayer who  serves  as
    17  an  active  volunteer  firefighter or volunteer ambulance worker and has
    18  been in good standing for a minimum of five years  shall  be  allowed  a
    19  credit  against  the  tax  imposed by this article equal to one thousand
    20  dollars. In order to receive this  credit  a  volunteer  firefighter  or
    21  volunteer  ambulance worker must have been active for the entire taxable
    22  year for which the credit is sought.
    23    (2) If a taxpayer receives a real property tax exemption  relating  to
    24  such  service  under  title two of article four of the real property tax
    25  law, such taxpayer shall not be  eligible  for  this  credit;  provided,
    26  however (A) if the taxpayer receives such real property tax exemption in
    27  the  two  thousand  seven taxable year as a result of making application
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14043-02-6