A 516: Increases the volunteer firefighters' and ambulance workers' credit.
The bill aims to increase the volunteer firefighters' and ambulance workers' credit under the tax law. A resident taxpayer who serves as an active volunteer firefighter or ambulance worker is allowed a credit against the tax imposed by the article, starting from 2007. The credit amount is $200 for taxable years beginning on January 1, 2007, and increases to $2,300 for years starting on January 1, 2027. To receive the credit, the taxpayer must have been active for the entire taxable year. A taxpayer who receives a real property tax exemption for their service is not eligible for the credit, but can still receive it if they notify their assessor by December 31, 2007. For joint filers, the credit amount is $2,400. If the credit exceeds the taxpayer's tax, the excess is treated as an overpayment of tax to be credited or refunded, without interest. The bill takes effect on January 1, 2027, a…
| Jan. 07, 2026 | referred to ways and means |
| Apr. 30, 2025 | amend (t) and recommit to ways and means |
| Apr. 30, 2025 | print number 516a |
| Jan. 08, 2025 | referred to ways and means |
STATE OF NEW YORK ________________________________________________________________________ 516 2025-2026 Regular Sessions IN ASSEMBLY (Prefiled) January 8, 2025 ___________ Introduced by M. of A. WOERNER, JONES, DeSTEFANO, SMULLEN, WALSH, RIVERA, STIRPE, LEMONDES, WILLIAMS, SAYEGH, RAGA -- Multi-Sponsored by -- M. of A. HAWLEY, MILLER, PALMESANO -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to providing for a credit against personal income tax for volunteer firefighters and members of volunteer ambulance corps The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 606 of the tax law is amended by adding a new 2 subsection (qqq) to read as follows: 3 (qqq) Volunteer firefighters and members of volunteer ambulance corps 4 service credit. In the case of a member of a volunteer fire department 5 or a member of a volunteer ambulance corps who has been a member in good 6 standing with a volunteer department for a minimum of five years and who 7 maintains continuous eligibility, in this state, there shall be allowed 8 a credit against any income tax owed by such member in an amount which 9 is equal to the sum of one thousand two hundred dollars or the total 10 amount of the tax owed by the taxpayer if less than one thousand two 11 hundred dollars, whichever is lower. 12 § 2. This act shall take effect on the first of January next succeed- 13 ing the date on which it shall have become a law and shall apply to 14 taxable years beginning on or after such date. Effective immediately the 15 commissioner of taxation and finance is authorized to promulgate any and 16 all rules and regulations and take any other measures necessary to 17 implement this act on its effective date on or before such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01405-01-5