Bill > S00204

This bill provides a state income tax credit of up to $1,200 to volunteer firefighters and members of volunteer ambulance corps in New York who have been in good standing for a minimum of five years and maintain continued eligibility. The credit is equal to the sum of $1,200 or the total amount of tax owed by the taxpayer, whichever is lower. The bill also authorizes the Commissioner of Taxation and Finance to promulgate rules and regulations to implement the act on its effective date of January 1 of the year following the date it becomes law.