senate Bill S724

Exempts local property tax rebates received by volunteer firefighters and volunteer ambulance workers from state and local personal income taxation

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 14 / Jan / 2009
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 03 / Feb / 2009
    • REPORTED AND COMMITTED TO FINANCE
  • 06 / Jan / 2010
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Summary

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Bill Details

See Assembly Version of this Bill:
A5168
Versions:
S724
Legislative Cycle:
2009-2010
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law

Sponsor Memo

BILL NUMBER: S724

TITLE OF BILL :

An act to amend the tax law and the administrative code of the city of
New York, in relation to exempting local property tax rebates to
volunteer firefighters and volunteer ambulance workers from state and
local personal income taxation


PURPOSE OF BILL :

To clarify and stipulate that any property tax rebate received by
volunteer firefighters or volunteer ambulance workers in New York
State shall not be included as part of the firefighter/ambulance
worker's adjusted gross income for personal income tax. purposes.

SUMMARY OF SPECIFIC PROVISIONS :

Section 1 amends the tax law to state that the amount of any local
property tax rebate issued to volunteer ambulance workers or volunteer
firefighters shall not be included in gross income for federal income
tax purposes.

Section 2 amends the tax law to state that the total amount of
deductions from federal adjusted gross income shall be increased by
the amount of any local property tax rebate issued to any volunteer
firefighter or volunteer ambulance worker.

Section 3 amends the administrative code of New York City to state
that the amount of any local property tax rebate issued to volunteer
ambulance workers or volunteer firefighters shall not be included in
gross income for federal income tax purposes.

Section 4 amends the administrative code of New York City to state
that the total amount of deductions from federal adjusted gross income
shall be increased by the amount of any local property tax rebate
issued to any volunteer firefighter or volunteer ambulance worker.

Section 5 is the effective date.

JUSTIFICATION :
Volunteer firefighters and ambulance workers are often our first
responders in many localities within New York State. The fact that
these individuals, who so generously volunteer their time, often
risking their lives in order to help others, have had to include
within their gross income the property tax rebate offered by the State
is unfair. These individuals receive no compensation for their valiant
work. This exemption is the least we, in New York State, can do for
our volunteers, considering the cost to the State is virtually
negligible.

LEGISLATIVE HISTORY :
2007-08: S.3758 Referred to Investigations and Government Operations

FISCAL IMPLICATIONS :
To be determined.

EFFECTIVE DATE :
Immediately.
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