A07969 Summary:
| BILL NO | A07969 |
| SAME AS | SAME AS S06002 |
| SPONSOR | Pretlow |
| COSPNSR | |
| MLTSPNSR | |
| Amd §612, Tax L | |
| Excludes certain training stipends for volunteer firefighters from state income tax. | |
A07969 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 7969 2025-2026 Regular Sessions IN ASSEMBLY April 16, 2025 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to excluding certain training stipends for volunteer firefighters from state income tax The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (c) of section 612 of the tax law is amended by 2 adding a new paragraph 48 to read as follows: 3 (48) Training stipends received under section two hundred-aa of the 4 general municipal law, to the extent includable in federal adjusted 5 gross income. 6 § 2. This act shall take effect immediately, and shall apply to the 7 taxable year in which it shall take effect and to all subsequent taxable 8 years. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09870-01-5