senate Bill S1505A

Repeals provision that volunteer firefighters and ambulance workers who receive a real property tax exemption for service may not receive the income tax credit; repealer

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Bill Status


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

  • 07 / Jan / 2011
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 24 / May / 2011
    • REPORTED AND COMMITTED TO FINANCE
  • 13 / Jun / 2011
    • REPORTED AND COMMITTED TO RULES
  • 04 / Jan / 2012
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 13 / Jan / 2012
    • AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 13 / Jan / 2012
    • PRINT NUMBER 1505A
  • 05 / Mar / 2012
    • REPORTED AND COMMITTED TO FINANCE
  • 01 / May / 2012
    • 1ST REPORT CAL.657
  • 02 / May / 2012
    • 2ND REPORT CAL.
  • 07 / May / 2012
    • ADVANCED TO THIRD READING
  • 22 / May / 2012
    • PASSED SENATE
  • 22 / May / 2012
    • DELIVERED TO ASSEMBLY
  • 22 / May / 2012
    • REFERRED TO WAYS AND MEANS

Summary

Repeals the provision of law that volunteer firefighters and ambulance workers who receive a real property tax exemption for service may not receive the income tax credit for such service.

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Bill Details

See Assembly Version of this Bill:
A4358A
Versions:
S1505
S1505A
Legislative Cycle:
2011-2012
Current Committee:
Law Section:
Tax Law
Laws Affected:
Rpld §606 sub§ (e-l) ¶2, amd §606, Tax L
Versions Introduced in Previous Legislative Cycles:
2009-2010: S3264, A7816
2007-2008: A9864

Sponsor Memo

BILL NUMBER:S1505A

TITLE OF BILL:
An act
to amend the tax law, in relation to the volunteer firefighters' and
ambulance workers' credit, and to repeal paragraph 2 of subsection (e-1)
of section 606 of the tax law relating thereto

PURPOSE:
This bill would allow volunteer firefighters and ambulance workers to
receive both the volunteer firefighters and ambulance workers tax
credit and a locally enacted real property tax exemption.

SUMMARY OF PROVISIONS:
Section one repeals paragraph 2 of subsection (e-1) of section 606 of
the tax law.
Section two renumbers the paragraphs 3 and 4 of subsection (e-1) of
section 606 of the tax law.
Section three provides for the effective date.

JUSTIFICATION:
Our volunteer firefighters and ambulance workers answer the emergency
call no matter the weather, the conditions or the circumstances -
each and every day, putting their lives on the line for all of us.
Over the past few years, the state and its municipalities have sought
to encourage more emergency volunteers through a state tax credit and
locally enacted real property tax exemptions. Unfortunately, a quirk
in the law does not allow a volunteer to receive both a property tax
exemption and the state tax credit. In an effort to correct this,
this bill would allow volunteer firefighters and ambulance workers to
receive both the tax credit - which amounts to $200 off their income
taxes - and a tax exemption which is generally limited to, at most, a
$3,000 reduction in the assessed value of their home. Given the
enormous amount of time that these volunteers put in and the savings
that local governments realize - estimated at $2.9 billion annually -
from having volunteer fire and ambulance companies, it would seem
only fair to allow them to receive both the tax credit and a tax
exemption.

LEGISLATIVE HISTORY:
2011 - S.1505/A.4358 - Finance Committee and Ways and Means.
S.3264/A.7816 Investigations/Gov. Ops./Ways and Means S.6869/A.9864
Passed Both Houses; Vetoed by the Governor. (Veto Memo 120 of 2008)

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
Immediately and applies to taxable years beginning on or after January
1, 2013.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 1505--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 7, 2011
                               ___________

Introduced  by  Sens. GRIFFO, RITCHIE -- read twice and ordered printed,
  and when printed to be committed to the  Committee  on  Investigations
  and  Government Operations -- recommitted to the Committee on Investi-
  gations and Government Operations in accordance with  Senate  Rule  6,
  sec.  8  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the tax law, in relation to the volunteer  firefighters'
  and ambulance workers' credit, and to repeal paragraph 2 of subsection
  (e-1) of section 606 of the tax law relating thereto

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 2 of subsection (e-1) of section 606 of  the  tax
law is REPEALED.
  S  2. Paragraphs 3 and 4 of subsection (e-1) of section 606 of the tax
law, paragraph 4 as renumbered by section 4 of part N of chapter  61  of
the laws of 2006, are renumbered paragraphs 2 and 3.
  S 3. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2013.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03565-03-1

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