Bill Text: NY S07286 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Provides that for taxable years beginning on and after January first, two thousand twenty-four, a resident taxpayer who serves as an active volunteer firefighter or as a volunteer ambulance worker shall be allowed a credit against the tax imposed equal to eight hundred dollars; provides for a real property tax exemption under certain circumstances to an enrolled member of an incorporated volunteer fire company, fire department or incorporated voluntary ambulance service residing in such city, village, town, school district, special district, fire district or county.

Spectrum: Slight Partisan Bill (Republican 14-6)

Status: (Engrossed) 2024-05-29 - referred to ways and means [S07286 Detail]

Download: New_York-2023-S07286-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7286

                               2023-2024 Regular Sessions

                    IN SENATE

                                      May 19, 2023
                                       ___________

        Introduced  by Sen. MARTINEZ -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue

        AN ACT to amend the tax law, in relation to tax  credits  for  volunteer
          firefighters and volunteer ambulance workers

          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 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-four, 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-four, 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 eight hundred dollars. In order to
    21  receive this credit a volunteer firefighter or volunteer ambulance work-
    22  er must have been active for the entire taxable year for which the cred-
    23  it is sought.
    24    (2) [If] For taxable years beginning before January first,  two  thou-
    25  sand  twenty-four,  if a taxpayer receives a real property tax exemption

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11501-01-3
        S. 7286                             2

     1  relating to such service under title two of article  four  of  the  real
     2  property  tax  law, such taxpayer shall not be eligible for this credit;
     3  provided, however (A) if the taxpayer receives such  real  property  tax
     4  exemption  in  the two thousand seven taxable year as a result of making
     5  application therefor in a prior year or (B) if the taxpayer notifies his
     6  or her assessor in writing by December thirty-first, two thousand  seven
     7  of the taxpayer's intent to discontinue such real property tax exemption
     8  by  not  re-applying  for  such  real property tax exemption by the next
     9  taxable status date, such taxpayer shall be eligible for this credit for
    10  the two thousand seven taxable year.  For taxable years beginning on  or
    11  after  January  first,  two thousand twenty-four, a taxpayer is eligible
    12  for this credit even if they  receive  a  real  property  tax  exemption
    13  relating  to  such  service  under title two of article four of the real
    14  property tax law.
    15    (3) In the case of [a husband and  wife]  spouses  who  file  a  joint
    16  return  and  who  both  individually  qualify  for the credit under this
    17  subsection for taxable years beginning on and after January  first,  two
    18  thousand  seven  and before January first, two thousand twenty-four, the
    19  amount of the credit allowed shall be four hundred dollars. For  taxable
    20  years  beginning  on  and after January first, two thousand twenty-four,
    21  the amount of the credit shall be sixteen hundred dollars.
    22    (4) If the amount of the credit allowed under this subsection for  any
    23  taxable  year  shall exceed the taxpayer's tax for such year, the excess
    24  shall be treated as an overpayment of tax to be credited or refunded  in
    25  accordance with the provisions of section six hundred eighty-six of this
    26  article, provided, however, that no interest shall be paid thereon.
    27    §  2. This act shall take effect on the first of April next succeeding
    28  the date on which it shall have become a law.