Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 27, 2013 |
vetoed memo.225 |
Sep 17, 2013 |
delivered to governor |
Jun 17, 2013 |
returned to senate passed assembly ordered to third reading rules cal.239 substituted for a6765 |
Jun 11, 2013 |
referred to ways and means delivered to assembly passed senate |
Jun 10, 2013 |
ordered to third reading cal.1195 committee discharged and committed to rules |
Mar 25, 2013 |
referred to investigations and government operations |
Senate Bill S4379
Vetoed By Governor2013-2014 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(R, IP) Senate District
2013-S4379 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6765
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยง612, Tax L
2013-S4379 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4379 TITLE OF BILL: An act to amend the tax law, in relation to exempting the proceeds from service award programs for volunteer firefighters and ambulance workers from personal income taxes PURPOSE: Render length of service award benefits for volunteer firefighters and volunteer ambulance workers exempt from NYS income taxes. SUMMARY OF SPECIFIC PROVISIONS: Adds a new paragraph, 39, to subsection (c) of section 612 of the Tax law to render length of service awards authorized under Articles eleven-A, eleven AA, eleven AAA and eleven AAAA of the General Municipal Law exempt from New York State income taxes. JUSTIFICATION: A Length of Service Award Program (often referred to as LOSAP) is a valuable tool utilized by many fire companies and ambulance corps to recruit and retain volunteers. In essence, a LOSAP is a pension or annuity that volunteers with a certain amount of service can draw upon attaining a certain age. The plans differ throughout the state, but the earliest age that a volunteer can collect is 55.
2013-S4379 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4379 2013-2014 Regular Sessions I N S E N A T E March 25, 2013 ___________ Introduced by Sen. BOYLE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to exempting the proceeds from service award programs for volunteer firefighters and ambulance work- ers from personal income taxes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (c) of section 612 of the tax law is amended by adding a new paragraph 39 to read as follows: (39) THE AMOUNT OF ANY AWARD PAID TO A VOLUNTEER FIREFIGHTER OR VOLUN- TEER AMBULANCE WORKER FROM A LENGTH OF SERVICE DEFINED CONTRIBUTION PLAN OR DEFINED BENEFIT PLAN AS PROVIDED FOR IN ARTICLES ELEVEN-A, ELEVEN-AA, ELEVEN-AAA AND ELEVEN-AAAA OF THE GENERAL MUNICIPAL LAW, TO THE EXTENT THAT SUCH AWARD IS INCLUDABLE IN GROSS INCOME FOR FEDERAL INCOME TAX PURPOSES; PROVIDED, HOWEVER, THAT SUCH AWARD IS NOT DISTRIBUTED IN THE FORM OF A LUMP SUM. S 2. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2014. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10031-01-3
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