Bill > S01006

This bill provides a $750 income tax credit for retired disabled police officers in New York State. The credit would be available starting in the 2024 tax year, and if the credit amount exceeds the taxpayer's tax liability for the year, the excess will be treated as an overpayment to be credited or refunded, though without any interest paid. The bill amends the state's tax law to add this new tax credit for this specific group of retired public safety personnel.