S06802 Summary:

BILL NOS06802A
 
SAME ASSAME AS A08817-A
 
SPONSORFELDER
 
COSPNSRADDABBO, BROOKS, GAUGHRAN, HARCKHAM, KAMINSKY, KENNEDY, MARTINEZ, METZGER, MYRIE
 
MLTSPNSR
 
Amd 606, Tax L
 
Relates to increasing the volunteer firefighters' and ambulance workers' credit; increases the amount of the credit from $200 to $500 for single filers and from $400 to $1,000 for spouses filing jointly.
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S06802 Actions:

BILL NOS06802A
 
10/25/2019REFERRED TO RULES
01/08/2020REFERRED TO BUDGET AND REVENUE
01/16/2020AMEND AND RECOMMIT TO BUDGET AND REVENUE
01/16/2020PRINT NUMBER 6802A
01/22/2020REPORTED AND COMMITTED TO FINANCE
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S06802 Committee Votes:

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S06802 Floor Votes:

There are no votes for this bill in this legislative session.
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S06802 Memo:

Memo not available
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S06802 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         6802--A
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                    October 25, 2019
                                       ___________
 
        Introduced  by Sens. FELDER, KAMINSKY -- read twice and ordered printed,
          and when printed to be committed to the Committee on Rules  --  recom-
          mitted  to  the  Committee  on  Budget  and Revenue in accordance with
          Senate Rule 6, sec. 8 -- 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:
 
     1    Section  1.   Subsection (e-1) of section 606 of the tax law, as added
     2  by section 1 of part U of chapter 62 of the laws of 2006, paragraph 2 as
     3  amended by chapter 532 of the laws of 2007, paragraph  3  as  added  and
     4  paragraph  4  as  renumbered by section 4 of part N of chapter 61 of the
     5  laws of 2006, is amended to read as follows:
     6    (e-1) Volunteer firefighters' and ambulance workers' credit.  (1)  For
     7  taxable  years  beginning on and after January first, two thousand seven
     8  and before January first, two thousand twenty-one, a  resident  taxpayer
     9  who  serves as an active volunteer firefighter as defined in subdivision
    10  one of section two hundred fifteen of the general municipal law or as  a
    11  volunteer ambulance worker as defined in subdivision fourteen of section
    12  two  hundred  nineteen-k of the general municipal law shall be allowed a
    13  credit against the tax imposed by this  article  equal  to  two  hundred
    14  dollars.    For  taxable years beginning on and after January first, two
    15  thousand twenty-one, a resident taxpayer who serves as an active  volun-
    16  teer  firefighter  as  defined in subdivision one of section two hundred
    17  fifteen of the general municipal law or as a volunteer ambulance  worker
    18  as  defined in subdivision fourteen of section two hundred nineteen-k of
    19  the general municipal law shall be allowed  a  credit  against  the  tax
    20  imposed  by  this  article  equal  to  five hundred dollars. In order to
    21  receive this credit a volunteer firefighter or volunteer ambulance work-
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13865-02-0

        S. 6802--A                          2
 
     1  er must have been active for the entire taxable year for which the cred-
     2  it is sought.
     3    (2)  If  a taxpayer receives a real property tax exemption relating to
     4  such service under title two of article four of the  real  property  tax
     5  law,  such  taxpayer  shall  not  be eligible for this credit; provided,
     6  however (A) if the taxpayer receives such real property tax exemption in
     7  the two thousand seven taxable year as a result  of  making  application
     8  therefor  in  a  prior  year  or (B) if the taxpayer notifies his or her
     9  assessor in writing by December thirty-first, two thousand seven of  the
    10  taxpayer's intent to discontinue such real property tax exemption by not
    11  re-applying  for  such  real  property tax exemption by the next taxable
    12  status date, such taxpayer shall be eligible for this credit for the two
    13  thousand seven taxable year.
    14    (3) In the case of a husband and wife who file a joint return and  who
    15  both individually qualify for the credit under this subsection for taxa-
    16  ble  years  beginning on and after January first, two thousand seven and
    17  before January first, two thousand twenty-one, the amount of the  credit
    18  allowed  shall  be  four hundred dollars. For taxable years beginning on
    19  and after January first, two thousand  twenty-one,  the  amount  of  the
    20  credit shall be one thousand dollars.
    21    (4)  If the amount of the credit allowed under this subsection for any
    22  taxable year shall exceed the taxpayer's tax for such year,  the  excess
    23  shall  be treated as an overpayment of tax to be credited or refunded in
    24  accordance with the provisions of section six hundred eighty-six of this
    25  article, provided, however, that no interest shall be paid thereon.
    26    § 2. This act shall take effect immediately.
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