NY State Senate Bill 2017-S1224A

Archive: Last Bill Status - In Senate Committee Finance Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 06, 2018	reported and committed to finance
Jan 03, 2018	referred to investigations and government operations
Mar 22, 2017	print number 1224a
Mar 22, 2017	amend and recommit to finance
Mar 07, 2017	reported and committed to finance
Jan 06, 2017	referred to investigations and government operations

Votes

- Mar 6, 2018 - Investigations And Government Operations Committee Vote
  S1224A
  
  6
  
  Aye
  
  0
  
  Nay
  
  3
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Investigations And Government Operations Committee Vote: Mar 6, 2018
      
      aye (6)
      
      Carlucci
      
      Golden
      
      Lanza
      
      Murphy
      
      O'Mara
      
      Phillips
      
      aye wr (3)
      
      Benjamin
      
      Hoylman-Sigal
      
      Kavanagh
  Mar 7, 2017 - Investigations And Government Operations Committee Vote
  S1224A
  
  8
  
  Aye
  
  0
  
  Nay
  
  1
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Investigations And Government Operations Committee Vote: Mar 7, 2017
      
      aye (8)
      
      Carlucci
      
      Diaz
      
      Golden
      
      Lanza
      
      Murphy
      
      O'Mara
      
      Phillips
      
      Squadron
      
      aye wr (1)
      
      Hoylman-Sigal

Bill Amendments

Original

A (Active)

co-Sponsors

2017-S1224 - Details

See Assembly Version of this Bill:: A8039
Current Committee:: Senate Finance
Law Section:: Tax Law
Laws Affected:: Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:: 2015-2016: S7030
2019-2020: S338, A4573
2021-2022: S2033

2017-S1224 - Summary

Relates to increasing the volunteer firefighters' and ambulance workers' credit; increases the amount of the credit from $200 to $500 for single filers who have served for less than five years and from $200 to $1,000 for single filers who serve at least five years and from $400 to $1,000 for spouses filing jointly where one spouse has served less than five years and from $400 to $2,000 for spouses filing jointly who have each served at least five years.

2017-S1224 - Sponsor Memo

                                 BILL NUMBER:  S1224

 TITLE OF BILL :  An act to amend the tax law, in relation to
increasing the volunteer firefighters' and ambulance workers' credit

 PURPOSE OR GENERAL IDEA OF BILL: :

This bill provides a tax credit of five hundred dollars to any
volunteer firefighter or ambulance worker who has been active for the
entire taxable year for which the credit is sought. For first
responders who qualify for this tax credit that have served a minimum
of five years they shall be allowed one thousand dollars of credit.
As for the case of husband and wife who file a joint tax return, one
thousand dollars shall be offered where at least one of the qualifying
spouses has served as an active volunteer, first responder for less
than five years. For a husband and wife who file a joint return, who
have served a minimum of five years, and qualify for the credit, they
shall be allowed a credit of two thousand dollars.

 SUMMARY OF SPECIFIC PROVISIONS: :

Section 1 amends the tax law by stating that for taxable years
beginning on and after January 1, 2007 a resident taxpayer who serves
as either an active volunteer fire fighter or ambulance worker who has
been in good standing for a period of four years or less shall be
allowed a tax credit of five hundred dollars.

Section 2 states that for taxable years beginning on and after January
1, 2017 the active first responders who have served for a minimum of
five years shall be allowed a tax credit of one thousand dollars.

In the case of a husband and wife who file a joint tax return and who
both individually qualify for the credit, and have served less than
five years, they shall qualify for a credit of one thousand dollars.
If the husband and wife who qualify for this return have served a
minimum of five years they shall be allowed two thousand dollars of
credit.

specifies that a the volunteer firefighter or ambulance worker must be
in good standing for a period of four years or less to qualify for a
tax credit of five hundred dollars and in good standing for a minimum
of five years to qualify for a tax credit of one thousand dollars.

Section 3 effective date.

 JUSTIFICATION: :

Currently, volunteer firefighters and ambulance workers receive a
personal income tax credit of $200 for their first five years and an
increase to $500 after five years of service in good standing. This
bill would increase the base tax credit to $500 going up to $1,000
after five years of service in good standing. It would also increase
the tax credit for married volunteer firefighters and ambulance
workers to $2,000 who each have five or more years and are in good
standing.

Volunteer firefighters and ambulance workers serve their communities
with selflessness and dedication and deserve an increased tax benefit
for their service. The cost savings that volunteer first responders
provide to our communities and state is yet another reason an increase
in their personal income tax credit is necessary.

In addition to giving volunteers a well-earned tax credit, it can also
serve as another incentive for volunteer fire departments to increase
their recruitment. Fire department membership has declined in recent

years and these incentives are a tool to bolster recruitment and
continue the invaluable services volunteer first responders provide.

 LEGISLATIVE HISTORY: :

2016 - S7030: Referred to Investigations and Government Operations.

 FISCAL IMPLICATIONS: :

None.

 EFFECTIVE DATE: :

Immediately.

2017-S1224 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1224
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 6, 2017
                                ___________
 
 Introduced  by  Sen.  AKSHAR -- 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  increasing  the  volunteer
   firefighters' and ambulance workers' credit

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subsection (e-2) of section 606 of the tax law, as added by
 section 1 of part U of chapter 62 of the laws of 2006,  paragraph  2  as
 amended  by  chapter  532  of the laws of 2007, paragraph 3 as added and
 paragraph 4 as renumbered by section 4 of part N of chapter  61  of  the
 laws  of 2006, and as relettered by section 1 of part K of chapter 59 of
 the laws of 2014, is amended to read as follows:
   (e-2) Volunteer firefighters' and ambulance workers' credit.  (1)  For
 taxable  years beginning on and after January first, two thousand seven,
 a resident taxpayer who serves as an  active  volunteer  firefighter  as
 defined in subdivision one of section two hundred fifteen of the general
 municipal  law or as a volunteer ambulance worker as defined in subdivi-
 sion fourteen of section two hundred nineteen-k of the general municipal
 law AND HAS BEEN IN GOOD STANDING FOR A PERIOD OF  FOUR  YEARS  OR  LESS
 shall  be allowed a credit against the tax imposed by this article equal
 to [two] FIVE hundred dollars.  FOR TAXABLE YEARS BEGINNING ON AND AFTER
 JANUARY FIRST, TWO THOUSAND SEVENTEEN, A RESIDENT TAXPAYER WHO SERVES AS
 AN ACTIVE VOLUNTEER FIREFIGHTER OR VOLUNTEER AMBULANCE  WORKER  AND  HAS
 BEEN  IN  GOOD  STANDING  FOR A MINIMUM OF FIVE YEARS SHALL BE ALLOWED A
 CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE  EQUAL  TO  ONE  THOUSAND
 DOLLARS.  In  order  to  receive  this credit a volunteer firefighter or
 volunteer ambulance worker must have been active for the entire  taxable
 year for which the credit is sought.
   (2)  If  a taxpayer receives a real property tax exemption relating to
 such service under title two of article four of the  real  property  tax
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD04254-01-7

 S. 1224                             2
 
 law,  such  taxpayer  shall  not  be eligible for this credit; provided,
 however (A) if the taxpayer receives such real property tax exemption in
 the two thousand seven taxable year as a result  of  making  application
 therefor  in  a  prior  year  or (B) if the taxpayer notifies his or her
 assessor in writing by December thirty-first, two thousand seven of  the
 taxpayer's intent to discontinue such real property tax exemption by not
 re-applying  for  such  real  property tax exemption by the next taxable
 status date, such taxpayer shall be eligible for this credit for the two
 thousand seven taxable year.
   (3) In the case of a husband and wife who file a joint return and  who
 both  individually  qualify  for  the  credit under this subsection, the
 amount of the credit  allowed  shall  be  [four  hundred]  ONE  THOUSAND
 dollars  WHERE  AT  LEAST ONE OF THE QUALIFYING SPOUSES HAS SERVED AS AN
 ACTIVE VOLUNTEER FIREFIGHTER OR VOLUNTEER AMBULANCE WORKER FOR LESS THAN
 FIVE YEARS. IN THE CASE OF A HUSBAND AND WIFE WHO FILE A  JOINT  RETURN,
 WHO  BOTH  INDIVIDUALLY QUALIFY FOR THE CREDIT UNDER THIS SUBSECTION AND
 WHO HAVE EACH SERVED A MINIMUM OF FIVE YEARS, THE AMOUNT OF  THE  CREDIT
 ALLOWED SHALL BE TWO THOUSAND DOLLARS.
   (4)  If the amount of the credit allowed under this subsection for any
 taxable year shall exceed the taxpayer's tax for such year,  the  excess
 shall  be treated as an overpayment of tax to be credited or refunded in
 accordance with the provisions of section six hundred eighty-six of this
 article, provided, however, that no interest shall be paid thereon.
   § 2. Subsection (e-1) of section 606 of  the  tax  law,  as  added  by
 section  1  of  part U of chapter 62 of the laws of 2006, paragraph 2 as
 amended by chapter 532 of the laws of 2007, paragraph  3  as  added  and
 paragraph  4  as  renumbered by section 4 of part N of chapter 61 of the
 laws of 2006, is amended to read as follows:
   (e-1) Volunteer firefighters' and ambulance workers' credit.  (1)  For
 taxable  years beginning on and after January first, two thousand seven,
 a resident taxpayer who serves as an  active  volunteer  firefighter  as
 defined in subdivision one of section two hundred fifteen of the general
 municipal  law or as a volunteer ambulance worker as defined in subdivi-
 sion fourteen of section two hundred nineteen-k of the general municipal
 law AND HAS BEEN IN GOOD STANDING FOR A PERIOD OF  FOUR  YEARS  OR  LESS
 shall  be allowed a credit against the tax imposed by this article equal
 to [two] FIVE hundred dollars.  FOR TAXABLE YEARS BEGINNING ON AND AFTER
 JANUARY FIRST, TWO THOUSAND SEVENTEEN, A RESIDENT TAXPAYER WHO SERVES AS
 AN ACTIVE VOLUNTEER FIREFIGHTER OR VOLUNTEER AMBULANCE  WORKER  AND  HAS
 BEEN  IN  GOOD  STANDING  FOR A MINIMUM OF FIVE YEARS SHALL BE ALLOWED A
 CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE  EQUAL  TO  ONE  THOUSAND
 DOLLARS.  In  order  to  receive  this credit a volunteer firefighter or
 volunteer ambulance worker must have been active for the entire  taxable
 year for which the credit is sought.
   (2)  If  a taxpayer receives a real property tax exemption relating to
 such service under title two of article four of the  real  property  tax
 law,  such  taxpayer  shall  not  be eligible for this credit; provided,
 however (A) if the taxpayer receives such real property tax exemption in
 the two thousand seven taxable year as a result  of  making  application
 therefor  in  a  prior  year  or (B) if the taxpayer notifies his or her
 assessor in writing by December thirty-first, two thousand seven of  the
 taxpayer's intent to discontinue such real property tax exemption by not
 re-applying  for  such  real  property tax exemption by the next taxable
 status date, such taxpayer shall be eligible for this credit for the two
 thousand seven taxable year.

 S. 1224                             3
 
   (3) In the case of a husband and wife who file a joint return and  who
 both  individually  qualify  for  the  credit under this subsection, the
 amount of the credit  allowed  shall  be  [four  hundred]  ONE  THOUSAND
 dollars  WHERE  AT  LEAST ONE OF THE QUALIFYING SPOUSES HAS SERVED AS AN
 ACTIVE VOLUNTEER FIREFIGHTER OR VOLUNTEER AMBULANCE WORKER FOR LESS THAN
 FIVE  YEARS.  IN THE CASE OF A HUSBAND AND WIFE WHO FILE A JOINT RETURN,
 WHO BOTH INDIVIDUALLY QUALIFY FOR THE CREDIT UNDER THIS  SUBSECTION  AND
 WHO  HAVE  EACH SERVED A MINIMUM OF FIVE YEARS, THE AMOUNT OF THE CREDIT
 ALLOWED SHALL BE TWO THOUSAND DOLLARS.
   (4) If the amount of the credit allowed under this subsection for  any
 taxable  year  shall exceed the taxpayer's tax for such year, the excess
 shall be treated as an overpayment of tax to be credited or refunded  in
 accordance with the provisions of section six hundred eighty-six of this
 article, provided, however, that no interest shall be paid thereon.
   §  3.  This  act shall take effect immediately; provided, however, the
 amendments to subsection (e-2) of section 606 of the  tax  law  made  by
 section one of this act shall be subject to the expiration and reversion
 of  such subsection pursuant to section 3 of part K of chapter 59 of the
 laws of 2014, as amended, when upon such date the provisions of  section
 two of this act shall take effect.

co-Sponsors

2017-S1224A (ACTIVE) - Details

See Assembly Version of this Bill:: A8039
Current Committee:: Senate Finance
Law Section:: Tax Law
Laws Affected:: Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:: 2015-2016: S7030
2019-2020: S338, A4573
2021-2022: S2033

2017-S1224A (ACTIVE) - Summary

2017-S1224A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S1224A

 TITLE OF BILL :  An act to amend the tax law, in relation to
increasing the volunteer firefighters' and ambulance workers' credit

 PURPOSE OR GENERAL IDEA OF BILL :

This bill provides a tax credit of five hundred dollars to any
volunteer firefighter or ambulance worker who has been active for the
entire taxable year for which the credit is sought. For first
responders who qualify for this tax credit that have served a minimum
of five years they shall be allowed one thousand dollars of credit.
As for the case of husband and wife who file a joint tax return, one
thousand dollars shall be offered where at least one of the qualifying
spouses has served as an active volunteer, first responder for less
than five years. For a husband and wife who file a joint return, who
have served a minimum of five years, and qualify for the credit, they
shall be allowed a credit of two thousand dollars.

 SUMMARY OF SPECIFIC PROVISIONS :

Section 1 amends the tax law by stating that for taxable years
beginning on and after January 1, 2007 a resident taxpayer who serves
as either an active volunteer fire fighter or ambulance worker who has
been in good standing for a period of four years or less shall be
allowed a tax credit of five hundred dollars.

Section 2 states that for taxable years beginning on and after January
1, 2017 the active first responders who have served for a minimum of
five years shall be allowed a tax credit of one thousand dollars.

In the case of a husband and wife who file a joint tax return and who
both individually qualify for the credit, and have served less than
five years, they shall qualify for a credit of one thousand dollars.
If the husband and wife who qualify for this return have served a
minimum of five years they shall be allowed two thousand dollars of
credit.

specifies that a the volunteer firefighter or ambulance worker must be
in good standing for a period of four years or less to qualify for a
tax credit of five hundred dollars and in good standing for a minimum
of five years to qualify for a tax credit of one thousand dollars.

Section 3 effective date.

 JUSTIFICATION :

Currently, volunteer firefighters and ambulance workers receive a
personal income tax credit of $200 for their first five years and an
increase to $500 after five years of service in good standing. This
bill would increase the base tax credit to $500 going up to $1,000
after five years of service in good standing. It would also increase
the tax credit for married volunteer firefighters and ambulance
workers to $2,000 who each have five or more years and are in good
standing.

Volunteer firefighters and ambulance workers serve their communities
with selflessness and dedication and deserve an increased tax benefit
for their service. The cost savings that volunteer first responders
provide to our communities and state is yet another reason an increase
in their personal income tax credit is necessary.

In addition to giving volunteers a well-earned tax credit, it can also
serve as another incentive for volunteer fire departments to increase
their recruitment. Fire department membership has declined in recent

years and these incentives are a tool to bolster recruitment and
continue the invaluable services volunteer first responders provide.

 LEGISLATIVE HISTORY :

2016 - S7030: Referred to Investigations and Government Operations.

 FISCAL IMPLICATIONS :

None.

 EFFECTIVE DATE :
Immediately.

2017-S1224A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1224--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 6, 2017
                                ___________
 
 Introduced  by Sens. AKSHAR, PHILLIPS -- read twice and ordered printed,
   and when printed to be committed to the  Committee  on  Investigations
   and  Government  Operations  -- reported favorably from said committee
   and committed to the Committee on  Finance  --  committee  discharged,
   bill  amended,  ordered  reprinted  as amended and recommitted to said
   committee
 
 AN ACT to amend the tax law, in relation  to  increasing  the  volunteer
   firefighters' and ambulance workers' credit
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subsection (e-2) of section 606 of the tax law, as added by
 section 1 of part U of chapter 62 of the laws of 2006,  paragraph  2  as
 amended  by  chapter  532  of the laws of 2007, paragraph 3 as added and
 paragraph 4 as renumbered by section 4 of part N of chapter  61  of  the
 laws  of 2006, and as relettered by section 1 of part K of chapter 59 of
 the laws of 2014, is amended to read as follows:
   (e-2) Volunteer firefighters' and ambulance workers' credit.  (1)  For
 taxable  years  beginning on and after January first, two thousand seven
 AND BEFORE JANUARY FIRST, TWO THOUSAND SEVENTEEN,  a  resident  taxpayer
 who  serves as an active volunteer firefighter as defined in subdivision
 one of section two hundred fifteen of the general municipal law or as  a
 volunteer ambulance worker as defined in subdivision fourteen of section
 two  hundred  nineteen-k of the general municipal law shall be allowed a
 credit against the tax imposed by this  article  equal  to  two  hundred
 dollars.    FOR  TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO
 THOUSAND SEVENTEEN, A RESIDENT TAXPAYER WHO SERVES AS AN  ACTIVE  VOLUN-
 TEER  FIREFIGHTER  AS  DEFINED IN SUBDIVISION ONE OF SECTION TWO HUNDRED
 FIFTEEN OF THE GENERAL MUNICIPAL LAW OR AS A VOLUNTEER AMBULANCE  WORKER
 AS  DEFINED IN SUBDIVISION FOURTEEN OF SECTION TWO HUNDRED NINETEEN-K OF
 THE GENERAL MUNICIPAL LAW AND HAS BEEN IN GOOD STANDING FOR A PERIOD  OF
 FOUR  YEARS OR LESS SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD04254-02-7

 S. 1224--A                          2
 
 THIS ARTICLE EQUAL TO FIVE HUNDRED DOLLARS AND A RESIDENT  TAXPAYER  WHO
 SERVES  AS AN ACTIVE VOLUNTEER FIREFIGHTER OR VOLUNTEER AMBULANCE WORKER
 AND HAS BEEN IN GOOD STANDING FOR A  MINIMUM  OF  FIVE  YEARS  SHALL  BE
 ALLOWED  A  CREDIT  AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO ONE
 THOUSAND DOLLARS. In order to receive this credit a volunteer firefight-
 er or volunteer ambulance worker must have been active  for  the  entire
 taxable year for which the credit is sought.
   (2)  If  a taxpayer receives a real property tax exemption relating to
 such service under title two of article four of the  real  property  tax
 law,  such  taxpayer  shall  not  be eligible for this credit; provided,
 however (A) if the taxpayer receives such real property tax exemption in
 the two thousand seven taxable year as a result  of  making  application
 therefor  in  a  prior  year  or (B) if the taxpayer notifies his or her
 assessor in writing by December thirty-first, two thousand seven of  the
 taxpayer's intent to discontinue such real property tax exemption by not
 re-applying  for  such  real  property tax exemption by the next taxable
 status date, such taxpayer shall be eligible for this credit for the two
 thousand seven taxable year.
   (3) In the case of a husband and wife who file a joint return and  who
 both  individually  qualify  for  the  credit under this subsection, FOR
 TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO  THOUSAND  SEVEN
 AND  BEFORE  JANUARY  FIRST,  TWO  THOUSAND SEVENTEEN, the amount of the
 credit allowed shall be four hundred DOLLARS. FOR TAXABLE  YEARS  BEGIN-
 NING  ON  AND AFTER JANUARY FIRST, TWO THOUSAND SEVENTEEN, THE AMOUNT OF
 THE CREDIT SHALL BE ONE THOUSAND dollars WHERE AT LEAST ONE OF THE QUAL-
 IFYING SPOUSES HAS SERVED AS AN ACTIVE VOLUNTEER FIREFIGHTER  OR  VOLUN-
 TEER AMBULANCE WORKER FOR LESS THAN FIVE YEARS. IN THE CASE OF A HUSBAND
 AND  WIFE WHO FILE A JOINT RETURN, WHO BOTH INDIVIDUALLY QUALIFY FOR THE
 CREDIT UNDER THIS SUBSECTION AND WHO HAVE EACH SERVED A MINIMUM OF  FIVE
 YEARS, THE AMOUNT OF THE CREDIT ALLOWED SHALL BE TWO THOUSAND DOLLARS.
   (4)  If the amount of the credit allowed under this subsection for any
 taxable year shall exceed the taxpayer's tax for such year,  the  excess
 shall  be treated as an overpayment of tax to be credited or refunded in
 accordance with the provisions of section six hundred eighty-six of this
 article, provided, however, that no interest shall be paid thereon.
   § 2. Subsection (e-1) of section 606 of  the  tax  law,  as  added  by
 section  1  of  part U of chapter 62 of the laws of 2006, paragraph 2 as
 amended by chapter 532 of the laws of 2007, paragraph  3  as  added  and
 paragraph  4  as  renumbered by section 4 of part N of chapter 61 of the
 laws of 2006, is amended to read as follows:
   (e-1) Volunteer firefighters' and ambulance workers' credit.  (1)  For
 taxable  years  beginning on and after January first, two thousand seven
 AND BEFORE JANUARY FIRST, TWO THOUSAND SEVENTEEN,  a  resident  taxpayer
 who  serves as an active volunteer firefighter as defined in subdivision
 one of section two hundred fifteen of the general municipal law or as  a
 volunteer ambulance worker as defined in subdivision fourteen of section
 two  hundred  nineteen-k of the general municipal law shall be allowed a
 credit against the tax imposed by this  article  equal  to  two  hundred
 dollars.    FOR  TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO
 THOUSAND SEVENTEEN, A RESIDENT TAXPAYER WHO SERVES AS AN  ACTIVE  VOLUN-
 TEER  FIREFIGHTER  AS  DEFINED IN SUBDIVISION ONE OF SECTION TWO HUNDRED
 FIFTEEN OF THE GENERAL MUNICIPAL LAW OR AS A VOLUNTEER AMBULANCE  WORKER
 AS  DEFINED IN SUBDIVISION FOURTEEN OF SECTION TWO HUNDRED NINETEEN-K OF
 THE GENERAL MUNICIPAL LAW AND HAS BEEN IN GOOD STANDING FOR A PERIOD  OF
 FOUR  YEARS OR LESS SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY
 THIS ARTICLE EQUAL TO FIVE HUNDRED DOLLARS AND A RESIDENT  TAXPAYER  WHO

 S. 1224--A                          3
 
 SERVES  AS AN ACTIVE VOLUNTEER FIREFIGHTER OR VOLUNTEER AMBULANCE WORKER
 AND HAS BEEN IN GOOD STANDING FOR A  MINIMUM  OF  FIVE  YEARS  SHALL  BE
 ALLOWED  A  CREDIT  AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO ONE
 THOUSAND DOLLARS. In order to receive this credit a volunteer firefight-
 er  or  volunteer  ambulance worker must have been active for the entire
 taxable year for which the credit is sought.
   (2) If a taxpayer receives a real property tax exemption  relating  to
 such  service  under  title two of article four of the real property tax
 law, such taxpayer shall not be  eligible  for  this  credit;  provided,
 however (A) if the taxpayer receives such real property tax exemption in
 the  two  thousand  seven taxable year as a result of making application
 therefor in a prior year or (B) if the  taxpayer  notifies  his  or  her
 assessor  in writing by December thirty-first, two thousand seven of the
 taxpayer's intent to discontinue such real property tax exemption by not
 re-applying for such real property tax exemption  by  the  next  taxable
 status date, such taxpayer shall be eligible for this credit for the two
 thousand seven taxable year.
   (3)  In the case of a husband and wife who file a joint return and who
 both individually qualify for the credit under this subsection FOR TAXA-
 BLE YEARS BEGINNING ON AND AFTER JANUARY FIRST TWO  THOUSAND  SEVEN  AND
 BEFORE  JANUARY  FIRST, TWO THOUSAND SEVENTEEN, the amount of the credit
 allowed shall be four hundred DOLLARS. FOR TAXABLE  YEARS  BEGINNING  ON
 AND AFTER JANUARY FIRST, TWO THOUSAND SEVENTEEN, THE AMOUNT OF THE CRED-
 IT  SHALL  BE  ONE THOUSAND dollars WHERE AT LEAST ONE OF THE QUALIFYING
 SPOUSES HAS SERVED AS AN ACTIVE VOLUNTEER FIREFIGHTER OR VOLUNTEER AMBU-
 LANCE WORKER FOR LESS THAN FIVE YEARS. IN THE CASE OF A HUSBAND AND WIFE
 WHO FILE A JOINT RETURN, WHO BOTH INDIVIDUALLY QUALIFY  FOR  THE  CREDIT
 UNDER  THIS SUBSECTION AND WHO HAVE EACH SERVED A MINIMUM OF FIVE YEARS,
 THE AMOUNT OF THE CREDIT ALLOWED SHALL BE TWO THOUSAND DOLLARS.
   (4) If the amount of the credit allowed under this subsection for  any
 taxable  year  shall exceed the taxpayer's tax for such year, the excess
 shall be treated as an overpayment of tax to be credited or refunded  in
 accordance with the provisions of section six hundred eighty-six of this
 article, provided, however, that no interest shall be paid thereon.
   §  3.  This  act shall take effect immediately; provided, however, the
 amendments to subsection (e-2) of section 606 of the  tax  law  made  by
 section one of this act shall be subject to the expiration and reversion
 of  such subsection pursuant to section 3 of part K of chapter 59 of the
 laws of 2014, as amended, when upon such date the provisions of  section
 two of this act shall take effect.

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Senate Bill S1224A

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee

Mar 6, 2018 - Investigations And Government Operations Committee Vote

Investigations And Government Operations Committee Vote: Mar 6, 2018

Mar 7, 2017 - Investigations And Government Operations Committee Vote

Investigations And Government Operations Committee Vote: Mar 7, 2017

Bill Amendments

co-Sponsors

2017-S1224 - Details

2017-S1224 - Summary

2017-S1224 - Sponsor Memo

2017-S1224 - Bill Text download pdf

co-Sponsors

2017-S1224A (ACTIVE) - Details

2017-S1224A (ACTIVE) - Summary

2017-S1224A (ACTIVE) - Sponsor Memo

2017-S1224A (ACTIVE) - Bill Text download pdf

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Senate Bill S1224A

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Sponsored By

Fred Akshar

Archive: Last Bill Status - In Senate Committee Finance Committee

Bill Amendments

co-Sponsors

Elaine Phillips

2017-S1224 - Details

2017-S1224 - Summary

2017-S1224 - Sponsor Memo

2017-S1224 - Bill Text download pdf

co-Sponsors

David Carlucci

Pamela Helming

Elaine Phillips

2017-S1224A (ACTIVE) - Details

2017-S1224A (ACTIVE) - Summary

2017-S1224A (ACTIVE) - Sponsor Memo

2017-S1224A (ACTIVE) - Bill Text download pdf

Comments