S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  516--A
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 8, 2025
                                ___________
 
 Introduced  by  M.  of  A.  WOERNER,  JONES,  DeSTEFANO, SMULLEN, WALSH,
   RIVERA, STIRPE, LEMONDES, WILLIAMS, SAYEGH, RAGA,  BOLOGNA  --  Multi-
   Sponsored  by  --  M. of A. HAWLEY, MILLER, PALMESANO -- read once and
   referred to the Committee on Ways and Means --  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-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  shall  be  allowed a credit against the tax imposed by this article
 equal to two hundred dollars. FOR TAXABLE YEARS BEGINNING  ON  OR  AFTER
 JANUARY  FIRST,  TWO THOUSAND TWENTY-SEVEN, SUCH RESIDENT TAXPAYER SHALL
 BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO ONE
 THOUSAND TWO HUNDRED DOLLARS. In order to receive this credit  a  volun-
 teer 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.
              

                                                            LBD01405-02-5
 A. 516--A                           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] TWO SPOUSES who file a  joint
 return  and  who  both  individually  qualify  for the credit under this
 subsection, the amount of the credit allowed shall be TWO THOUSAND  four
 hundred dollars.
   [(4)]  (3)  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 eight-
 y-six of this article, provided, however, that no interest shall be paid
 thereon.
   § 2. This act shall take effect January 1, 2027  and  shall  apply  to
 taxable years beginning on or after such date. Effective immediately the
 commissioner of taxation and finance is authorized to promulgate any and
 all  rules  and  regulations  and  take  any other measures necessary to
 implement this act on its effective date on or before such date.