Bill Text: NY A08039 | 2017-2018 | General Assembly | Introduced
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 (Democrat 1-0)
Status: (Introduced - Dead) 2018-01-03 - referred to ways and means [A08039 Detail]
Download: New_York-2017-A08039-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8039 2017-2018 Regular Sessions IN ASSEMBLY May 25, 2017 ___________ Introduced by M. of A. DenDEKKER -- read once and referred to the Committee on Ways and Means 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 and before January first, two thousand seventeen, a resident taxpayer 10 who serves as an active volunteer firefighter as defined in subdivision 11 one of section two hundred fifteen of the general municipal law or as a 12 volunteer ambulance worker as defined in subdivision fourteen of section 13 two hundred nineteen-k of the general municipal law shall be allowed a 14 credit against the tax imposed by this article equal to two hundred 15 dollars. For taxable years beginning on and after January first, two 16 thousand seventeen, a resident taxpayer who serves as an active volun- 17 teer firefighter as defined in subdivision one of section two hundred 18 fifteen of the general municipal law or as a volunteer ambulance worker 19 as defined in subdivision fourteen of section two hundred nineteen-k of 20 the general municipal law and has been in good standing for a period of 21 four years or less shall be allowed a credit against the tax imposed by 22 this article equal to five hundred dollars and a resident taxpayer who 23 serves as an active volunteer firefighter or volunteer ambulance worker 24 and has been in good standing for a minimum of five years shall be 25 allowed a credit against the tax imposed by this article equal to one EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04254-03-7A. 8039 2 1 thousand dollars. In order to receive this credit a volunteer firefight- 2 er or volunteer ambulance worker must have been active for the entire 3 taxable year for which the credit is sought. 4 (2) If a taxpayer receives a real property tax exemption relating to 5 such service under title two of article four of the real property tax 6 law, such taxpayer shall not be eligible for this credit; provided, 7 however (A) if the taxpayer receives such real property tax exemption in 8 the two thousand seven taxable year as a result of making application 9 therefor in a prior year or (B) if the taxpayer notifies his or her 10 assessor in writing by December thirty-first, two thousand seven of the 11 taxpayer's intent to discontinue such real property tax exemption by not 12 re-applying for such real property tax exemption by the next taxable 13 status date, such taxpayer shall be eligible for this credit for the two 14 thousand seven taxable year. 15 (3) In the case of a husband and wife who file a joint return and who 16 both individually qualify for the credit under this subsection, for 17 taxable years beginning on and after January first, two thousand seven 18 and before January first, two thousand seventeen, the amount of the 19 credit allowed shall be four hundred dollars. For taxable years begin- 20 ning on and after January first, two thousand seventeen, the amount of 21 the credit shall be one thousand dollars where at least one of the qual- 22 ifying spouses has served as an active volunteer firefighter or volun- 23 teer ambulance worker for less than five years. In the case of a husband 24 and wife who file a joint return, who both individually qualify for the 25 credit under this subsection and who have each served a minimum of five 26 years, the amount of the credit allowed shall be two thousand dollars. 27 (4) If the amount of the credit allowed under this subsection for any 28 taxable year shall exceed the taxpayer's tax for such year, the excess 29 shall be treated as an overpayment of tax to be credited or refunded in 30 accordance with the provisions of section six hundred eighty-six of this 31 article, provided, however, that no interest shall be paid thereon. 32 § 2. Subsection (e-1) of section 606 of the tax law, as added by 33 section 1 of part U of chapter 62 of the laws of 2006, paragraph 2 as 34 amended by chapter 532 of the laws of 2007, paragraph 3 as added and 35 paragraph 4 as renumbered by section 4 of part N of chapter 61 of the 36 laws of 2006, is amended to read as follows: 37 (e-1) Volunteer firefighters' and ambulance workers' credit. (1) For 38 taxable years beginning on and after January first, two thousand seven 39 and before January first, two thousand seventeen, a resident taxpayer 40 who serves as an active volunteer firefighter as defined in subdivision 41 one of section two hundred fifteen of the general municipal law or as a 42 volunteer ambulance worker as defined in subdivision fourteen of section 43 two hundred nineteen-k of the general municipal law shall be allowed a 44 credit against the tax imposed by this article equal to two hundred 45 dollars. For taxable years beginning on and after January first, two 46 thousand seventeen, a resident taxpayer who serves as an active volun- 47 teer firefighter as defined in subdivision one of section two hundred 48 fifteen of the general municipal law or as a volunteer ambulance worker 49 as defined in subdivision fourteen of section two hundred nineteen-k of 50 the general municipal law and has been in good standing for a period of 51 four years or less shall be allowed a credit against the tax imposed by 52 this article equal to five hundred dollars and a resident taxpayer who 53 serves as an active volunteer firefighter or volunteer ambulance worker 54 and has been in good standing for a minimum of five years shall be 55 allowed a credit against the tax imposed by this article equal to one 56 thousand dollars. In order to receive this credit a volunteer firefight-A. 8039 3 1 er or volunteer ambulance worker must have been active for the entire 2 taxable year for which the credit is sought. 3 (2) If a taxpayer receives a real property tax exemption relating to 4 such service under title two of article four of the real property tax 5 law, such taxpayer shall not be eligible for this credit; provided, 6 however (A) if the taxpayer receives such real property tax exemption in 7 the two thousand seven taxable year as a result of making application 8 therefor in a prior year or (B) if the taxpayer notifies his or her 9 assessor in writing by December thirty-first, two thousand seven of the 10 taxpayer's intent to discontinue such real property tax exemption by not 11 re-applying for such real property tax exemption by the next taxable 12 status date, such taxpayer shall be eligible for this credit for the two 13 thousand seven taxable year. 14 (3) In the case of a husband and wife who file a joint return and who 15 both individually qualify for the credit under this subsection for taxa- 16 ble years beginning on and after January first two thousand seven and 17 before January first, two thousand seventeen, the amount of the credit 18 allowed shall be four hundred dollars. For taxable years beginning on 19 and after January first, two thousand seventeen, the amount of the cred- 20 it shall be one thousand dollars where at least one of the qualifying 21 spouses has served as an active volunteer firefighter or volunteer ambu- 22 lance worker for less than five years. In the case of a husband and wife 23 who file a joint return, who both individually qualify for the credit 24 under this subsection and who have each served a minimum of five years, 25 the amount of the credit allowed shall be two thousand dollars. 26 (4) If the amount of the credit allowed under this subsection for any 27 taxable year shall exceed the taxpayer's tax for such year, the excess 28 shall be treated as an overpayment of tax to be credited or refunded in 29 accordance with the provisions of section six hundred eighty-six of this 30 article, provided, however, that no interest shall be paid thereon. 31 § 3. This act shall take effect immediately; provided, however, the 32 amendments to subsection (e-2) of section 606 of the tax law made by 33 section one of this act shall be subject to the expiration and reversion 34 of such subsection pursuant to section 3 of part K of chapter 59 of the 35 laws of 2014, as amended, when upon such date the provisions of section 36 two of this act shall take effect.
