STATE OF NEW YORK
________________________________________________________________________
5364
2021-2022 Regular Sessions
IN SENATE
March 3, 2021
___________
Introduced by Sen. OBERACKER -- 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 providing an income tax
credit for retired disabled police officers
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 (e-3) to read as follows:
3 (e-3) Retired disabled police officer credit. (1) For taxable years
4 beginning on and after January first, two thousand twenty-two, a resi-
5 dent taxpayer who was a police officer in this state who was retired for
6 disability shall be allowed a credit against the tax imposed by this
7 article equal to seven hundred fifty dollars.
8 (2) If the amount of the credit allowed under this subsection for any
9 taxable year shall exceed the taxpayer's tax for such year, the excess
10 shall be treated as an overpayment of tax to be credited or refunded in
11 accordance with the provisions of section six hundred eighty-six of this
12 article, provided, however, that no interest shall be paid thereon.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10101-01-1
