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A01064 Summary:

BILL NOA01064
 
SAME ASSAME AS S01123
 
SPONSORAngelino
 
COSPNSRBendett, Brabenec, Brown K, DeStefano, Durso, Lemondes, Manktelow, McDonough, Mikulin, Miller, Morinello, Smullen, Tague, Bologna, Chludzinski
 
MLTSPNSR
 
Amd §606, Tax L
 
Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500; must be in good standing for a minimum of five years and maintain continued eligibility.
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A01064 Actions:

BILL NOA01064
 
01/08/2025referred to ways and means
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A01064 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A1064
 
SPONSOR: Angelino
  TITLE OF BILL: An act to amend the tax law, in relation to providing for a credit against personal income tax for volunteer firefighters and members of volunteer ambulance corps   PURPOSE OR GENERAL IDEA OF BILL: Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500.   SUMMARY OF PROVISIONS: Section 1. Section 606 of the tax law is amended by adding a new subsection (qqq) to read as follows: Volunteer firefighters and members of volunteer ambulance corps, service credit. In the case of a member of a volunteer fire department or a member of a volunteer ambulance corps who has been a member in good standing with a volunteer department for a minimum of five years and who maintains continuous eligibility, in this state, there shall be allowed a credit against any income tax owed by such member in an amount which is equal to the sum of two thousand five hundred dollars or the total amount of the tax owed by the taxpayer if less than two thousand five hundred dollars, whichever is lower.   JUSTIFICATION: Volunteer firefighters and ambulance corps do not receive compensation' ompensation for the vital civic duty they render communities statewide. Due to the threat of serious injury associated with these services, and due to the free and very valuable public service they provide, a tax incentive is certainly warranted for those individuals. Many localities have granted certain volunteer firefighters and ambulance workers a real property tax exemption for the performance of such services on a regular and long-term basis. Although a valuable public regard for their service, many volunteer firefighters and ambulance corps workers, espe- cially younger ones, do not own a home and hence cannot benefit from such a program. This income tax credit would uniformly benefit nearly all such volunteers and would provide an important new recruitment tool to attract new volunteer firefighters and ambulance corps workers into this critical public service.   PRIOR LEGISLATIVE HISTORY: None.   FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS: To be determined.   EFFECTIVE DATE: This act shall take effect on the first of January next succeeding the date on which it shall have become law 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.
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A01064 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1064
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                     January 8, 2025
                                       ___________
 
        Introduced by M. of A. ANGELINO, BENDETT, BRABENEC, K. BROWN, DeSTEFANO,
          DURSO,  LEMONDES,  MANKTELOW,  McDONOUGH,  MIKULIN, MILLER, MORINELLO,
          SMULLEN, TAGUE -- read once and referred to the Committee on Ways  and
          Means
 
        AN  ACT  to  amend  the  tax  law, in relation to providing for a credit
          against personal income tax for volunteer firefighters and members  of
          volunteer ambulance corps
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
     2  subsection (qqq) to read as follows:
     3    (qqq)  Volunteer firefighters and members of volunteer ambulance corps
     4  service credit. In the case of a member of a volunteer  fire  department
     5  or a member of a volunteer ambulance corps who has been a member in good
     6  standing with a volunteer department for a minimum of five years and who
     7  maintains  continuous eligibility, in this state, there shall be allowed
     8  a credit against any income tax owed by such member in an  amount  which
     9  is  equal  to  the sum of two thousand five hundred dollars or the total
    10  amount of the tax owed by the taxpayer if less than  two  thousand  five
    11  hundred dollars, whichever is lower.
    12    §  2. This act shall take effect on the first of January next succeed-
    13  ing the date on which it shall have become a  law  and  shall  apply  to
    14  taxable years beginning on or after such date. Effective immediately the
    15  commissioner of taxation and finance is authorized to promulgate any and
    16  all  rules  and  regulations  and  take  any other measures necessary to
    17  implement this act on its effective date on or before such date.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02694-01-5
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