Bill > A01402

This bill amends the New York state tax law to provide a tax credit of up to $2,500 for volunteer firefighters and members of volunteer ambulance corps who have been in good standing for at least five years and maintain continuous eligibility. The credit can be applied against the member's personal income tax. The bill also authorizes the state's Commissioner of Taxation and Finance to promulgate rules and regulations to implement the act, which will take effect on January 1, 2020 and apply to taxable years starting on or after that date.