Bill > S04359

This bill amends the New York tax law to provide a $750 income tax credit for retired disabled police officers. The credit is available for taxable years beginning on or after January 1, 2020. If the credit amount exceeds the taxpayer's tax liability, the excess will be treated as an overpayment to be credited or refunded, though no interest will be paid on the overpayment. The bill takes effect immediately.