Bill > A03239

This bill establishes a tax credit for certain volunteers at 501(c)(3) organizations or organizations affiliated with NY Cares or NY Service who provide at least twenty-five hours of service during the year. The credit is worth $200 for individual filers and $400 for joint filers. The credit can be claimed as an overpayment of tax and refunded, but no interest will be paid on the refund. Taxpayers who receive a real property tax exemption related to their volunteer service are not eligible for this credit, with some exceptions for the 2021 tax year.