Bill Text: NY A01912 | 2015-2016 | General Assembly | Introduced

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Bill Title: Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500; must be in good standing for a minimum of five years and maintain continued eligibility.

Spectrum: Moderate Partisan Bill (Republican 13-2)

Status: (Introduced - Dead) 2016-06-14 - held for consideration in ways and means [A01912 Detail]

Download: New_York-2015-A01912-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1912
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 13, 2015
                                      ___________
       Introduced  by  M. of A. CROUCH, BARCLAY, DUPREY, FINCH, GIGLIO, HAWLEY,
         KOLB, OAKS, RAIA, ZEBROWSKI -- read once and referred to the Committee
         on Ways and Means
       AN ACT to amend the tax law, in  relation  to  providing  for  a  credit
         against  personal income tax for volunteer firefighters and members of
         volunteer ambulance corps
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  606  of  the  tax law is amended by adding a new
    2  subsection (ccc) to read as follows:
    3    (CCC) VOLUNTEER FIREFIGHTERS AND MEMBERS OF VOLUNTEER AMBULANCE  CORPS
    4  SERVICE  CREDIT.  IN THE CASE OF A MEMBER OF A VOLUNTEER FIRE DEPARTMENT
    5  OR A MEMBER OF A VOLUNTEER AMBULANCE CORPS WHO HAS BEEN A MEMBER IN GOOD
    6  STANDING WITH A VOLUNTEER DEPARTMENT FOR A MINIMUM OF FIVE YEARS AND WHO
    7  MAINTAINS CONTINUOUS ELIGIBILITY, IN THIS STATE, THERE SHALL BE  ALLOWED
    8  A  CREDIT  AGAINST ANY INCOME TAX OWED BY SUCH MEMBER IN AN AMOUNT WHICH
    9  IS EQUAL TO THE SUM OF TWO THOUSAND FIVE HUNDRED DOLLARS  OR  THE  TOTAL
   10  AMOUNT  OF  THE  TAX OWED BY THE TAXPAYER IF LESS THAN TWO THOUSAND FIVE
   11  HUNDRED DOLLARS, WHICHEVER IS LOWER.
   12    S 2. This act shall take effect January 1, 2016  and  shall  apply  to
   13  taxable years beginning on or after such date. Effective immediately the
   14  commissioner of taxation and finance is authorized to promulgate any and
   15  all  rules  and  regulations  and  take  any other measures necessary to
   16  implement this act on its effective date on or before such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05078-01-5