Bill Text: NY A08817 | 2019-2020 | General Assembly | Amended
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 and from $400 to $1,000 for spouses filing jointly.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2020-01-27 - print number 8817a [A08817 Detail]
Download: New_York-2019-A08817-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 8817--A 2019-2020 Regular Sessions IN ASSEMBLY November 25, 2019 ___________ Introduced by M. of A. GUNTHER, COLTON, NORRIS -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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-1) of section 606 of the tax law, as added 2 by 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 ambulance workers' credit. (1) For 7 taxable years beginning on and after January first, two thousand seven 8 and before January first, two thousand twenty-one, a resident taxpayer 9 who serves as an active volunteer firefighter as defined in subdivision 10 one of section two hundred fifteen of the general municipal law or as a 11 volunteer ambulance worker as defined in subdivision fourteen of section 12 two hundred nineteen-k of the general municipal law shall be allowed a 13 credit against the tax imposed by this article equal to two hundred 14 dollars. For taxable years beginning on and after January first, two 15 thousand twenty-one, a resident taxpayer who serves as an active volun- 16 teer firefighter as defined in subdivision one of section two hundred 17 fifteen of the general municipal law or as a volunteer ambulance worker 18 as defined in subdivision fourteen of section two hundred nineteen-k of 19 the general municipal law shall be allowed a credit against the tax 20 imposed by this article equal to five hundred dollars. In order to 21 receive this credit a volunteer firefighter or volunteer ambulance work- EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13865-03-0A. 8817--A 2 1 er must have been active for the entire taxable year for which the cred- 2 it 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 twenty-one, the amount of the credit 18 allowed shall be four hundred dollars. For taxable years beginning on 19 and after January first, two thousand twenty-one, the amount of the 20 credit shall be one thousand dollars. 21 (4) If the amount of the credit allowed under this subsection for any 22 taxable year shall exceed the taxpayer's tax for such year, the excess 23 shall be treated as an overpayment of tax to be credited or refunded in 24 accordance with the provisions of section six hundred eighty-six of this 25 article, provided, however, that no interest shall be paid thereon. 26 § 2. This act shall take effect immediately.
