Provides a modification reducing federal adjusted gross income (USAGI) in determining New York adjusted gross income (NYAGI) for state income tax purposes for active volunteer firefighters and members of volunteer ambulance companies.
STATE OF NEW YORK
________________________________________________________________________
772
2009-2010 Regular Sessions
IN SENATE
January 15, 2009
___________
Introduced by Sen. ALESI -- 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 providing a modification
reducing federal adjusted gross income in determining New York
adjusted gross income for personal income tax purposes for active
volunteer firefighters and active members of volunteer ambulance
companies
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 39 to read as follows:
3 (39) The sum of one thousand five hundred dollars for a taxpayer who
4 is either an active volunteer firefighter or an active member of a
5 volunteer ambulance company, except that if such taxpayer is an active
6 member of both a volunteer fire company and a volunteer ambulance compa-
7 ny, the sum of two thousand dollars. If such modification reduces feder-
8 al adjusted gross income below zero, only the portion of such modifica-
9 tion that reduces federal adjusted gross income to zero may be claimed.
10 § 2. This act shall take effect on the first of January next succeed-
11 ing the date on which it shall have become a law and shall apply to
12 taxable years which begin on or after such date; provided, however, that
13 effective immediately, the addition, amendment and/or repeal of any
14 rules or regulations necessary for the implementation of the foregoing
15 section of this act on its effective date is authorized and directed to
16 be made and completed on or before such effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03467-01-9