Bill Text: NY S05949 | 2023-2024 | General Assembly | Amended
Bill Title: Provides a tax credit to certain volunteer firefighters and volunteer ambulance workers under certain circumstances.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced) 2024-03-06 - PRINT NUMBER 5949A [S05949 Detail]
Download: New_York-2023-S05949-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 5949--A 2023-2024 Regular Sessions IN SENATE March 23, 2023 ___________ Introduced by Sens. SKOUFIS, COONEY, WEBER -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue -- recommitted to the Committee on Budget and Revenue in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee 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 to18such service under title two of article four of the real property tax19law, such taxpayer shall not be eligible for this credit; provided,20however (A) if the taxpayer receives such real property tax exemption inEXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01127-04-3S. 5949--A 2 1the two thousand seven taxable year as a result of making application2therefor in a prior year or (B) if the taxpayer notifies his or her3assessor in writing by December thirty-first, two thousand seven of the4taxpayer's intent to discontinue such real property tax exemption by not5re-applying for such real property tax exemption by the next taxable6status date, such taxpayer shall be eligible for this credit for the two7thousand seven taxable year.8(3)] In the case of a husband and wife who file a joint return and who 9 both individually qualify for the credit under this subsection, the 10 amount of the credit allowed shall be [four] one thousand six hundred 11 dollars. 12 [(4)] (3) If the amount of the credit allowed under this subsection 13 for any taxable year shall exceed the taxpayer's tax for such year, the 14 excess shall be treated as an overpayment of tax to be credited or 15 refunded in accordance with the provisions of section six hundred eight- 16 y-six of this article, provided, however, that no interest shall be paid 17 thereon. 18 § 2. This act shall take effect immediately.