|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 05, 2022||referred to budget and revenue|
|May 19, 2021||reported and committed to finance|
|Feb 17, 2021||referred to budget and revenue|
senate Bill S4889
Current Bill Status - In Senate Committee Budget And Revenue Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4889 (ACTIVE) - Details
S4889 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4889 SPONSOR: FELDER TITLE OF BILL: An act to amend the tax law, in relation to increasing the volunteer firefighters' and ambulance workers' credit PURPOSE: This bill increases the volunteer firefighters' and ambulance workers' personal income tax credit from $200 to $500 for eligible individuals and from $400 to $1000 for eligible married joint filers. SUMMARY OF PROVISIONS: Section one amends subsection (e-1) of section 606 of the tax law to add that for taxable years beginning on and after January 1st, 2021, a taxpayer who serves as an active volunteer firefighter or ambulance worker shall be allowed a credit against their state taxes equal to $500. For married couple who file a joint return and both individually
S4889 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4889 2021-2022 Regular Sessions I N S E N A T E February 17, 2021 ___________ Introduced by Sen. FELDER -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue 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-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 TWENTY-TWO, 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 TWENTY-TWO, 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 SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO FIVE HUNDRED DOLLARS. In order to receive this credit a volunteer firefighter or volunteer ambulance work- er must have been active for the entire taxable year for which the cred- it 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.
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