Bill Text: NY A07377 | 2023-2024 | General Assembly | Introduced

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Bill Title: Provides a tax credit to certain volunteer firefighters and volunteer ambulance workers under certain circumstances.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-07-15 - enacting clause stricken [A07377 Detail]

Download: New_York-2023-A07377-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7377

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 18, 2023
                                       ___________

        Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
          Committee on Ways and Means

        AN ACT to amend the tax law, in relation to tax  credits  for  volunteer
          firefighters,  volunteer  ambulance  workers  and  volunteer emergency
          medical personnel under certain circumstances

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Subsection (e-1) 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, is amended to read as follows:
     6    (e-1) Volunteer firefighters' and volunteer ambulance workers' credit.
     7  (1) For taxable years beginning on and after January first, two thousand
     8  [seven] twenty-three, a resident taxpayer who serves as an active volun-
     9  teer firefighter as defined in subdivision one of  section  two  hundred
    10  fifteen  of the general municipal law or as a volunteer ambulance worker
    11  as defined in subdivision fourteen of section two hundred nineteen-k  of
    12  the  general  municipal  law  shall  be allowed a credit against the tax
    13  imposed by this article equal to [two] eight hundred dollars.  In  order
    14  to  receive  this  credit a volunteer firefighter or volunteer ambulance
    15  worker must have been active for the entire taxable year for  which  the
    16  credit is sought.
    17    (2)  [If a taxpayer receives a real property tax exemption relating to
    18  such service under title two of article four of the  real  property  tax
    19  law,  such  taxpayer  shall  not  be eligible for this credit; provided,
    20  however (A) if the taxpayer receives such real property tax exemption in
    21  the two thousand seven taxable year as a result  of  making  application
    22  therefor  in  a  prior  year  or (B) if the taxpayer notifies his or her
    23  assessor in writing by December thirty-first, two thousand seven of  the
    24  taxpayer's intent to discontinue such real property tax exemption by not

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01127-03-3
        A. 7377                             2

     1  re-applying  for  such  real  property tax exemption by the next taxable
     2  status date, such taxpayer shall be eligible for this credit for the two
     3  thousand seven taxable year.
     4    (3)] In the case of a husband and wife who file a joint return and who
     5  both  individually  qualify  for  the  credit under this subsection, the
     6  amount of the credit allowed shall be [four] one  thousand  six  hundred
     7  dollars.
     8    [(4)]  (3)  If  the amount of the credit allowed under this subsection
     9  for any taxable year shall exceed the taxpayer's tax for such year,  the
    10  excess  shall  be  treated  as  an  overpayment of tax to be credited or
    11  refunded in accordance with the provisions of section six hundred eight-
    12  y-six of this article, provided, however, that no interest shall be paid
    13  thereon.
    14    § 2. This act shall take effect immediately.